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Economic Benefits of Tourism
Tourism contributes to the economy of a country in
various ways. Economic benefits of tourism are
following as:
• Job creation
• Injection of income into the local economy
through the multiplier effect.
• Helping keep the local business viable.
• Infrastructure development.
• Attracts the foreign direct investments.
Economic Costs of Tourism
There are many economic benefits of tourism as well
as costs. Economic costs of the tourism are following
as:
• Many jobs are low paid and seasonal.
• Opportunity costs.
• Congestion.
• The need to invest in expensive infrastructure
which may only be required for part of the year.
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