In your own words, briefly explain the economic impact of tourism.
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Explanation:
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.
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The economic effects of tourism include improved tax revenue and personal income, increased standards of living, and more employment opportunities. Sociocultural impacts are associated with interactions between people with differing cultural backgrounds, attitudes and behaviors, and relationships to material goods.
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