How does tourism as a trade or industry help in development of economic class 10?

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 economy 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.

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.

Why is tourism considered as a trade and industry in India Class 10?

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.

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How does tourism help trade?

Tourism can support diversification of exports, improve a country’s image and contribute to job creation and the production of sophisticated goods and services. It can also serve as the anchor that creates strong linkages with other sectors, from agriculture to education.

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.

What are the advantages of tourism in India?

Benefits to India: Economy

Direct benefits include economic support for hotels, retail shops, transportation services, entertainment venues and attractions, while indirect benefits include government spending on related infrastructure, plus the domestic spending of Indians employed in the tourism sector.

How reliable is tourism as an industry?

Even so, it is far ahead of other important sectors such as financial services, health or technology. Despite the major crises that have shaken the economy, tourism is an industry that has always been seen as ‘a safe bet’.

How is tourism considered an industry?

The tourism industry, also known as the travel industry, is linked to the idea of people travelling to other locations, either domestically or internationally, for leisure, social or business purposes.