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List and Describe Three Promoters of Tourism

question 24

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List and describe three promoters of tourism.


Definitions:

Economic Effects

The influence of various factors, including policies, market shifts, and external events, on the economy's performance, structure, and behavior.

Income Transfer

The reallocation of money from one group to another through mechanisms like taxes, subsidies, welfare payments, or other social assistance programs.

Supply Curve

A graph showing the relationship between the price of a good and the amount of the good that suppliers are willing to sell.

Marginal Cost Curve

A graphical representation showing how the cost of producing one more unit of a good varies with the level of output.

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