Sunday, November 1, 2009

Mexico City, Mexico


El Angel on the Columna de la Independencia .

A street vendor in Mexico City selling food to passersby.

Here in Mexico City, there is such a vivid culture and life that surrounds one of the world's biggest cities. In addition to the rich heritage and history that can be found here, there is also a thriving economy. Mexico city is the economic engine of Mexico and more than half of the country's industrial output is produced here in the city. Important industries include textiles, chemicals, furniture, plastics, and metals. Also important is the food and tourism industries that thrive here in Mexico City and bring in millions of dollars into the economy. Also important to Mexico and its population is the informal economy. This includes the thousands of street vendors that sell anything from food and beverages to electronic appliances. These street vendors prove to be a hindrance to other business owner in the city because they can take away from their profit by selling less expensive and similar products on the streets. However, not allowing these vendors to sell items in the streets would cause many to be unemployed and would create even more poverty than there already is in Mexico City. These vendors help to create part of the unique atmosphere in Mexico City and help to increase the standard of living of many by keeping able-bodied workers employed.


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