Geography, asked by rubisharma84, 1 year ago

why is tourism is called invisible trade?

Answers

Answered by vedu14
4
By contrast, visible trade involves the exchange, or the import and export, of tangible goods. Examples of invisible trade include consulting, income from foreign investments, shipping services, insurance, banking and tourism. Invisible trade represents an increasing percentage of world trade.
Answered by anushka9217
3

Trade- Transfer of goods and services is called Trade.

As tourists spend their money in buying their own services, tourism is also called INVISIBLE TRADE.


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