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:
“Cities need old buildings so badly it is probably impossible for vigorous streets and districts to grow without them.... for really new ideas of any kind—no matter how ultimately profitable or otherwise successful some of them might prove to be—there is no leeway for such chancy trial, error and experimentation in the high-overhead economy of new construction. Old ideas can sometimes use new buildings. New ideas must use old buildings.”
—Jane Jacobs (b. 1916)
“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)
“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)