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What is the role of industrial sector in economic development?

specific roles of industry


What does a private sector provide?

The private sector provides a range of goods and services that cater to consumer needs and preferences, driving economic growth and innovation. It creates jobs and generates income through businesses that operate for profit. Additionally, the private sector often invests in research and development, contributing to advancements in technology and efficiency. Overall, it plays a crucial role in enhancing competition and improving the overall standard of living.


What is the Importance of the Accommodation sector?

The accommodation sector plays a crucial role in the tourism and hospitality industry by providing essential services for travelers, including lodging, meals, and amenities. It drives economic growth by generating jobs, supporting local businesses, and contributing to tax revenues. Additionally, the sector fosters cultural exchange and enhances the overall travel experience, making destinations more accessible and appealing to visitors. Ultimately, a robust accommodation sector is vital for promoting sustainable tourism and community development.


What is national sector?

The national sector refers to the part of an economy that is controlled or influenced by the government, encompassing various industries and services. This sector includes public services such as healthcare, education, and infrastructure, which are essential for societal functioning and development. In many economies, the national sector plays a crucial role in regulating economic activity and ensuring equitable access to resources. It contrasts with the private sector, which is driven by profit motives and individual entrepreneurship.


What do you mean by lodging sector?

The lodging sector refers to the industry that provides accommodations for travelers and tourists, including hotels, motels, inns, hostels, and vacation rentals. This sector plays a crucial role in the tourism industry, offering various services and amenities to enhance guest experiences. It encompasses a range of establishments, from budget to luxury, catering to different types of travelers and their needs. Overall, the lodging sector is vital for supporting tourism and local economies.

Related Questions

The role of the private sector financing in tourism development?

poita!


What role can the local bodies and officials play in tourism development?

motivation of domestic tourism and development in transport sector


The role of natural resources in tourism development Nigeria?

the role of natural resources in tourism development Nigeria


Functions of accommodation sector in a tourism industry?

The functions of the accommodation sector in a tourism industry are distinct. Their role is to provide accommodation and meals to the tourists who visit a particular area.


What are those government sectors of the tourism industry?

Public sector support organisations: This section identifies the role of three public sector support organisations and what they do for tourism. this is the best answer you will ever find


Essay on What is the Future of hospitality sector?

accommodation plays a central role in tourism. so the quetion is WHAT IS THE OVERALL IMPORTANCE OF THE HOSPITALITY SECTOR.


What has the author Dennis Marino written?

Dennis Marino has written: 'The planner's role in facilitating private sector reinvestment' -- subject(s): Capital investments, Community development, Urban, Urban Community development


The role of private sector in prevention of corruption?

THis question makes no sence.


What is role of public and private sector in tourism?

1. Direct involvement (absolute necessity, laws & regulations) · Provide infrastructure · Security - safe environment (tourists & locals), attract crime, anti - terrorism, stability, crossing international borders - tourists, aeroplanes/ cruises, transport · Limit tourism - VISAS/ entry (nationality, volume) Laws on the use & renovation of heritage sites & buildings 2. Indirect involvement · Providing supports to the private sectors (hotel) · Providing incentives to the private sectors (MNC's) to develop in locality (tax relief) · Providing subsidies to assist seasonal · Encourage proper use & appreciation of heritage sites & culture


What is the role of the government in tourism development?

Foreign exchange earnings and increase in government revenues from tourism result in infrastructure development such as roads, sewage, ...


What is the role of industrial sector in development?

specific roles of industry


What are the hindrances in the development of tourism in India And how is it affecting the development of that sector?

Politics plays its dirty role again... No efficient people to manage the affairs of tourism Corrupt employees involved Many dont care to preserve the national heritage of India for tourist attraction Many tourists are waylaid and robbed!!! I stay in Bangalore btw