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The city was founded in 1535 under the name City of Kings (Spanish: Ciudad de los Reyes), because its foundation was decided on January 6, date of the feast of the Epiphany. This name quickly fell into disuse, and Lima became the city's name of choice; on the oldest Spanish maps of Peru, both Lima and Ciudad de los Reyes can be seen together.
The economy of Serbia is a developing service-based upper-middle income economy, with the tertiary sector accounting for two-thirds of total gross domestic product (GDP). The economy functions on the principles of the free market.
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