How tourism act as a trade also?
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Hi,
Firstly it is important to know what invisible trade. This means any kind of trade where there is no exchange of any tangible good. In tourism too, there is just the exchange of service. For example a tourist visits a place, stays in a hotel. travels by car, eat in a restaurant, most of these transaction are services and no tangible good. Thus tourism is an invisible trade.
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Hope your query has resolved
THIS IS YOUR ANS↓↓
Hi,
Firstly it is important to know what invisible trade. This means any kind of trade where there is no exchange of any tangible good. In tourism too, there is just the exchange of service. For example a tourist visits a place, stays in a hotel. travels by car, eat in a restaurant, most of these transaction are services and no tangible good. Thus tourism is an invisible trade.
◎◎◎◎◎◎◎◎◎◎◎◎◎◎◎◎◎◎◎◎◎◎◎◎◎◎◎
Hope your query has resolved
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