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The Local Priorities and Capabilities Determine What an Area Needs

question 3

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The local priorities and capabilities determine what an area needs to do and can do in heritage tourism. Common features for successful programs are the following except:


Definitions:

Equilibrium Wage

The rate of pay where the demand for labor from employers is equal to the labor supply from workers.

Unions

Organizations formed by workers to protect their rights and interests, often engaging in collective bargaining with employers.

Low Cost

Refers to products or services offered at a price lower than the average in the market, aiming to attract cost-conscious customers.

Superstars

Exceptionally talented or popular individuals in their fields, often significantly out-earning their peers due to their high level of performance or popularity.

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