Question

In: Economics

Write about Tonga social and economic standing.

Write about Tonga social and economic standing.

Solutions

Expert Solution

Tonga's economy is underlined by a large monetary sector . The economy also depends on remittance from the abroad individuals of the country. It is about half of the total country population. mainly people works in countries including US, Australia etc. More areas of the monetary sector of Tonga's economy is projected if not owned by nobles and royal families in the country. satellite one telecommunication services greatly satisfies it.2.9% is the country current inflation rate. Country have 183 rd in GDP ranking. Manufacturing sector of country comprises small scale industries and handicrafts. 3% of total GDP is contributed by these areas. The country have well grown commercial business. bananas, , coconuts are all the major cultivations of the country. Economic development plans of the country mainly focuses on agriculture sector and private sectors.. 30% of the country GDP is contributed by agriculture sector and 10% by industrial sectors. . In hard currency earnings tourism of the country have a relevant role. Most of the population of the country belongs to Polynesian ancestry. Society have different classes titled by their hierarchical classification. It includes kings, chiefs, talking kings , commoners etc. In the country chiefs paid two times in a year. they live according to their beliefs. In the country nobles and kings only have right to distribute and own land. Bureaucracy have nearly added to middle class which runs to chiefs from commoners.. But it is viewed that recently gained wealth cannot easily changes the barriers existing in society which comes from the hard history.


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