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.
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Famous quotes containing the word economy:
“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)
“Wise men read very sharply all your private history in your look and gait and behavior. The whole economy of nature is bent on expression. The tell-tale body is all tongues. Men are like Geneva watches with crystal faces which expose the whole movement.”
—Ralph Waldo Emerson (1803–1882)
“The basis of political economy is non-interference. The only safe rule is found in the self-adjusting meter of demand and supply. Do not legislate. Meddle, and you snap the sinews with your sumptuary laws.”
—Ralph Waldo Emerson (1803–1882)