Explain two types of invisible export through tourism?
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invisible export (plural invisible exports) (economics) Any export that does not have a tangible physical presence (e.g. expertise, insurance underwriting). Although physical imports exceeded exports, when invisible exports were accounted for the balance of payments was healthy.❤
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International Tourism is regarded as an invisible export because unlike the usual exports, produce or physical materials are sent from one country to another. ... Tourism at international level has therefore, become an important export component in any develop or developing economy.
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