Chapter 3
Chapter 3
Chapter 3
The tourism multiplier or multiplier effect is used to estimate the direct and
secondary effects of tourist expenditure on the economy of a country.
In less-developed countries. Leaks in the economy occur when money is sent to out of
the country. How can these leaks be stopped?
For me, to be able to stop these leaks the government itself should neutralize and
limit the process of sending out the money out of the country. In this terms, the
government will still have the control in the processed money.
Income - is the money that you get on a regular basis for the work you do.
I learned that there is an advantages if you have extra income, as I learned it from
my father who holds our monthly income.
Demand - is a term which can be defined as, the specific ability to buy certain
quantity of goods.
As I try online selling, I realized that one of the strategy that you need to do to be
able for your business to succeed is to first know the in demand products.
The government are using different economics strategies just to survive in the
pandemic and we as a citizen been affected to it in bad and good ways.
Investment - is to allocate money in the expectations of some benefit in the future.
Cost-benefit ratio 3.A ratio obtained by dividing the benefits with the costs.
Economic impact 4.The value of goods and services that must be imported to
service the needs of tourism and hospitality.
Higher prices
Economic instability
Growth
Economic strategies
Import substitution
Incentives
Foreign exchange
18-20.Forms of incentives