Economy
As of 2007, Vico Morcote had an unemployment rate of 6.04%. As of 2005, there were people employed in the primary economic sector and about businesses involved in this sector. 1 person was employed in the secondary sector and there was 1 business in this sector. 125 people were employed in the tertiary sector, with 9 businesses in this sector. There were 118 residents of the municipality who were employed in some capacity, of which females made up 42.4% of the workforce.
In 2000, there were 46 workers who commuted into the municipality and 79 workers who commuted away. The municipality is a net exporter of workers, with about 1.7 workers leaving the municipality for every one entering. About 26.1% of the workforce coming into Vico Morcote are coming from outside Switzerland, while 7.6% of the locals commute out of Switzerland for work. Of the working population, 5.1% used public transportation to get to work, and 60.2% used a private car.
As of 2009, there was one hotel in Vico Morcote. Vico Morcote contains a number of small hotels and restaurants. It is also home to a villa run by the International Institute of Architecture (I2A), the European branch of the Southern California Institute of Architecture.
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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)
“It enhances our sense of the grand security and serenity of nature to observe the still undisturbed economy and content of the fishes of this century, their happiness a regular fruit of the summer.”
—Henry David Thoreau (1817–1862)
“Unaware of the absurdity of it, we introduce our own petty household rules into the economy of the universe for which the life of generations, peoples, of entire planets, has no importance in relation to the general development.”
—Alexander Herzen (1812–1870)