Iceland is an Island country that lies midway between North America and Europe. Since 1994, Iceland has been republic. Iceland is a land of ice and fire, where steaming hot volcanic springs bubble up through glaciers. Mainland Iceland has at least twenty active volcanoes that could erupt at any time. The biggest icecap, Vatnajokull, which covers an area of 8,149 square kilometer, is the Europe's largest ice-caps cover over one-tenth of Iceland. Reykjavik is the capital city and a bustling hub for industry commerce and government. The first settlers of this island arrived from Norway, who boast a class society and own their own home. About eleven per cent of Icelandic people are employed in farming and about one per cent of the land is used for growing crops. Ice land's leading industries are fishing and fish processing, which employs labor force around twenty per cent. Thus, Icelandic people rely on exporting fish to pay for their day-to-day necessities.