How does tourism as a trade or industry help in development of economy?
Answer: It creates new job and employment opportunities. It stimulates trade, income and entrepreneurship – especially in small business sectors. The provision of new infrastructure which is available for non-tourism uses.
How does tourism as a trade or industry help in development of economic class 10?
(i) Tourism in India has grown substantially over the last three decades. (ii) Foreign tourist’s arrival has witnessed an increase, thus contributing to foreign exchange. (iii) More than 15 million people are directly engaged in the tourism industry. (iv) It provides support to local handicrafts and cultural pursuits.
How the tourism industry could help the economic development of the city?
Tourism helps to “enhance employment opportunities and earnings, which can be of major economic significance to the local population” . In terms of employment, the local community could expand their earnings and socio-economic condition, which could lead to an improved standard of living.
Why is tourism considered as a trade and industry class 10?
Tourism can be considered as a trade because : It involves exchange and buying/selling of products. The products can be defined in terms of holiday packages , hotel rents, means of transport and hospitality etc. … Tourism is a large scale industry as the money involved in it is very high.
What is the importance of tourism as trade?
Tourism has proved itself as one of the most important aspects of trade. Tourism in India has grown substantially. It promotes National Integration and provides support to local handicrafts and cultural pursuits.It also helps in the development of international understanding about our culture and heritage.
Why tourism is considered as trade and industry in India?
Trade, in a basic sense, refers to the process of buying and selling of goods and services. … ‘Tourism’ is considered as a trade and industry in India because of the substantial growth it has experienced in the past three decades coupled with an increase in the arrival of foreign tourists.
How has the tourism industry helped in the overall development of India Class 10?
It helps in the development of international understanding. Foreign tourists are attracted by Indian culture and traditions. It supports local handicrafts and cultural pursuits because tourists purchase many products during their visits.
What are the advantages of tourism in India?
Importance of ‘Tourism’ in India
- Generates Income and Employment: In 2017, Tourism Industry accounted for 8% of the total employment. …
- Service Sector: It gives a push to service sector. …
- Foreign Travelers help India in getting Foreign Exchange.
How does tourism benefit the economy?
Tourism boosts the revenue of the economy, creates thousands of jobs, develops the infrastructures of a country, and plants a sense of cultural exchange between foreigners and citizens. … Governments that rely on tourism for a big percentage of their revenue invest a lot in the infrastructure of the country.
How can tourism industry help the economy of the developing countries?
Tourism is considered an essential tool for developing economies, noticeably in generating foreign exchange, attracting international investment, increasing tax revenue, and providing job opportunities .
How can tourism help develop a country?
Tourism can be a good way for countries to bring in money. Many middle income countries (MICs) and low income countries (LICs) benefit from tropical climates, exotic ecosystems and beautiful landscapes. Tourists will travel to visit these locations. They spend a lot of money, which helps countries to develop.