Economy
While Corozal District depended for many years on the sugar industry, at one time having its own sugar factory located in Libertad Village, today the economy is more diversified. Sugar production and other agricultural crops such as papaya are still central to the way of life of many rural Corozalenos, but occupations in the tourism industry are slowly becoming more prominent. Now almost 65% of Corozalenos depend on the Commercial Free Zone for employment. The Zone is located on the border of Belize and Mexico.
Contraband is the most biggest source of gaining income in Corozal since it is located near the Mexican side. Supplies such as vegetables,fruits,liquors,cigarettes and gasoline
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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)
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—Calvin Coolidge (1872–1933)
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