Morocco is a sovereign country located in the Maghreb region of North Africa. Morocco's economy is considered a relatively liberal economy governed by the law of supply and demand. Since 1993, the country has followed a policy of privatisation of certain economic sectors which used to be in the hands of the government.[1] Morocco has become a major player in the African economic affairs,[2] and is the 5th African economy by GDP (PPP). Morocco was ranked the 1st African country by the Economist Intelligence Unit' quality-of-life index, ahead of South Africa. However, Morocco has since then slipped into fourth place behind Egypt, but ahead of Angola.[citation needed]
^Leonard, Thomas M. Encyclopedia of the Developing World. Taylor & Francis. p. 1085. ISBN 0-415-97663-4.
^Morocco major economic player in Africa, researcher. Moroccobusinessnews.com (16 December 2009). Retrieved 17 April 2015.
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