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What are two possible reasons that management contracting is prevalent in the hotel industry?
Foreign Products
Goods or services that are produced in one country and sold to consumers in other countries.
Gross Domestic Product
The total value of all goods and services produced within a country in a specific time period, used as a broad measure of economic activity and health.
Free Trade
An economic policy that allows imports and exports to occur without governmental tariffs, quotas, or other restrictions, promoting international trade.
Foreign Investment
Capital investment made by individuals or entities based in one country into the businesses or assets of another country.
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