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What is the nation of New Zealand's largest industry?
New Zealand's largest industry is the dairy industry, closely followed by tourism. This is in terms of foreign exchange earnings.
What are the advantages and disadvantages of tourism industry?
The main advantage of tourism industry is that it helps the country to earn foreign exchange from the tourists.Further, the tourist spots are highlighted before both domestic and foreign tourists which helps the local inhabitants to earn their livlihood. One of the disadvantages of tourism industry is that sometimes places of strategic importance are bared open before the outer world,thereby posing security risk for the country.
Why is tourism important to Singapore?
Singapore has no natural resources to begin with, and the country see great opportunity in tourism sector, as it contributes towards Singapore's economy greatly, as much as more than 20% income for Singapore are earned from tourism sector.
What is tourism development?
Tourism development is the overall development of our tourist potentials to attract business,exchange culture and raise foreign exchange which will eventually lead to popularity
What is the importance of the foreign currency generated by the tourism industry?
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What are the positive impact of tourism industry on the economy of Tonga?
The tourism industry in Tonga significantly contributes to the economy by generating revenue through visitors' spending on accommodations, food, and activities, which supports local businesses and creates jobs. It also fosters investment in infrastructure, such as transportation and facilities, benefiting both tourists and residents. Additionally, tourism promotes cultural exchange and environmental conservation efforts, enhancing the overall quality of life for Tongans. This influx of foreign exchange helps stabilize the economy and diversify income sources.
What is the nature of tourism as an industry?
Tourism effects an industry in a big way. Many foreign people come from places around the world and spend their money on our economy.
What is the nature of tourism as industry?
Tourism effects an industry in a big way. Many foreign people come from places around the world and spend their money on our economy.
What are the benefits of international tourism?
The benefits of international tourism is that it generates foreign exchange to the countries in question. It also promotes inter-cultural exchange between individuals of different nationalities.
How does tourism boost the economy of barbados?
AnswerTourism is the main industry in The Bahamas as it has next to nothing to export. It accounts, both directly and indirectly, for almost 70% of all employment and just over half of the country's GDP.foriegn and domestic
How does a country earn foreign exchange?
A country earns foreign exchange primarily through exports of goods and services, attracting foreign investments, and tourism revenue. When foreign buyers purchase domestic products, they pay in their own currency, which is converted into the local currency, generating foreign exchange. Additionally, foreign direct investment and remittances from citizens working abroad also contribute to the inflow of foreign currency. Overall, a positive balance of trade and favorable investment conditions are key to increasing a country's foreign exchange reserves.
How does tourism changes lives?
Tourism changes life. How? 1) tourism gives employment. 2) tourism gives high standard of living. 3) tourism gives fame. 4) TOurism give foreign exchange.
