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Tourism is considered to be an export because tourists have to go to a different country for their experience. It is not an import because tourists can't bring the travel and experience to their home country. Tourism is considered to be an invisible export because tourism is an intangible good.
What else can I help you with?
What is Hong Kong's largest export?
The electronics industry is Hong Kong's largest export earner
Why is tourism reffered to as an invisible trade?
tourism is refer to an invisible export because tourist are intangible goods, for example tourist spends money in another mans country more than thier. by: julius yaya
Why the tourism industry is considered an export industry?
Tourism is an export industry because foreign visitors who travel to a country purchase the "touristic experience" of that country. They pay for it with their money from their country.That means, that e.g. a Frenchman buys with his money which he earned in France something (in this case the touristic experience = hotels, commodities, activities, car rentals etc. but also service etc.) which is manufactured in e.g. Spain. This can then be considered to be an export of those Spanish "touristic goods" to France
Is Irish people spending they're money in foreign countries called invisible exports?
No. An invisible export is Irish companies selling services to other countries. No physical products are involved, so it can be things like financial services or tourism.
What is the difference between imported and exported?
Import is in Export is out.
What are visible and invisible exports?
VISIBLE EXPORTS are actual goods which are sold to other nations by domestic firms, like tables, TVs, and vehicles.INVISIBLE EXPORTS are services which are sold to other nations by domestic firms, like banking, insurance, and tourism.
Industries of Greece?
Which kind of industries? Well, based on statistics, the greatest industry in Greece is shipping.
What is Australia's largest export?
the Australia's largest export market is coal
Which is the largest export of Nigeria?
the largest export in nigeria is crude oil
What is the main export of Segovia Spain?
tourism
What is the major export of Tunisia?
The major export of Tunisia is Oil, Tourism , and car manufacturing.
Why is tourism spending to be an invisible export?
Tourism spending is considered an invisible export because it involves the exchange of services rather than tangible goods. When tourists visit a country and spend money on services like accommodation, food, and entertainment, this spending generates income for the local economy without the physical movement of products across borders. This financial inflow contributes to the country's GDP and is vital for economic growth, even though it doesn't involve visible exports like manufactured goods.
