Economy
In the last decades, tourism has turned into one of the most important economic activities. The population doubles in the summer months, principally for the beaches, recreational activities, musical festivals, concerts, and Fashion Week. In addition the city is an obligatory stop for hundreds of pilgrims that arrive in the city of Coquimbo, where during The Serenade they find lodging for visiting the zone and Valle de Elqui.
In this city there are located branches of the more important chain stores of the country, Mall Plaza La Serena, which has the national shops Falabella and Paris. Also Mall Puerta Del Mar, contains 2 supermarkets, and regional multistores, such as, La Elegante, and shops for the home and construction, The downtown is one of the places with major economic and financial institutions of the Coquimbo Region.
Read more about this topic: La Serena Song Festival
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)
“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)
“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)