how is economy of a country affected by tourism
Answers
One of the biggest benefits of tourism is the ability to make money through foreign exchange earnings. Tourism expenditures generate income to the host economy. The money that the country makes from tourism can then be reinvested in the economy.
Further, tourism contributes to diffusing tech- nical knowledge, stimulating research and development, and accumulating human capital. Consequently, increased economic welfare is achieved, resulting in a more educated population with less income inequalities and self-sustained growth.
Answer:
One of the biggest benefits of tourism is the ability to make money through foreign exchange earnings. Tourism expenditures generate income to the host economy. The money that the country makes from tourism can then be reinvested in the economy.
Explanation:
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