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Tourism gives a country additional income in form of export receipts.
When tourists come in to a country they bring in money to buy goods and services. As the demand increases, suppliers will have to increase output to compensate so they hire more people creating more jobs. Now local people have more money to spend so consumption spending increases.
You see GDP = Consumption spending + Investment by businesses + Government spending + (Exports - Imports)
What else can I help you with?
Closing entries are necessary to a business so?
the accounts in the general ledger are updated and ready for the next fiscal period.
Definition of business tourism?
this type of tourism is undertaken by business people sometimes individual or business people go on tour to satisfy their lust for traveling. they may some times mix business and leisure tourism in in business tourism
What are the classification of tourism product?
business tourism leisure tourism domestic tourism
What are the classifation of product?
business tourism leisure tourism domestic tourism
Basic forms of tourism?
seaside tourism mountain tourism. sport tourism. cultural tourism. health tourism. rural tourism. business tourism. shopping tourism.
What is definition of business and professional tourism?
Business and professional tourism are terms used to describe specific types of tourism. These tourists are not necessarily visiting an area for pleasure or leisure, but for business purposes.
How can you use Tourism in a sentence?
Tourism is a big business in Australia.
Definition of tourism according to world tourism organization?
Tourism: The business of providing services to tourists.
What are the benefits of tourism on business?
Tourism results to increase country's revenues from business establishments and alleviation of country's problem on unemployment.
What is the character of tourism?
The character of tourism is good manners bring good business.
Why is Tourism beneficial in The Bahamas?
for business
Why do think it is necessary for the utility to be updated often?
This program is updated periodically in order to support the newest components.
