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:
“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)
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—Ralph Waldo Emerson (1803–1882)
“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)