Economy
The city's income is based on tourism and fishing. Many of its former inhabitants migrated to Europe during the 1960s through 1980s; large numbers of Moroccans in the Netherlands, Belgium, France and Spain were Al Hoceima natives. Many return to Al Hoceima during the summer, stimulating its economy and encouraging investment.
Since the 1990s, many western-oriented businesses have opened in Al Hoceima, including pizza parlors, fast food restaurants and clothing stores.
Read more about this topic: Al Hoceima
Famous quotes containing the word economy:
“Even the poor student studies and is taught only political economy, while that economy of living which is synonymous with philosophy is not even sincerely professed in our colleges. The consequence is, that while he is reading Adam Smith, Ricardo, and Say, he runs his father in debt irretrievably.”
—Henry David Thoreau (1817–1862)
“I favor the policy of economy, not because I wish to save money, but because I wish to save people. The men and women of this country who toil are the ones who bear the cost of the Government. Every dollar that we carelessly waste means that their life will be so much the more meager. Every dollar that we prudently save means that their life will be so much the more abundant. Economy is idealism in its most practical terms.”
—Calvin Coolidge (1872–1933)
“War. Fighting. Men ... every man in the whole realm is in the army.... Every man in uniform ... An economy entirely geared to war ... but there is not much war ... hardly any fighting ... yet every man a soldier from birth till death ... Men ... all men for fighting ... but no war, no wars to fight ... what is it, what does it mean?””
—Doris Lessing (b. 1919)