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Question 1:
Using relevant examples to illustrate your arguments analyze the different economic impacts of tourism and discuss the different ways in which government can maximize the economic benefits from the industry.
Question 2:
Define the concept of tourism demand and analyze the different economic factors likely to influence the demand for tourism products.
Question 3:
"The economic benefits many African countries derive from international wildlife tourism are very few, especially when viewed from existing potentials in terms of resources and uniqueness. African wildlife tourism has natural barriers to entry and thus is basically a monopolistic market"
Outline the characteristics of a monopoly market and distinguish between its short run and long run equilibrium. Use relevant examples from the tourism and/or hospitality industry to support your arguments.
Aggregate household indebtedness: This is the purchasing power of the sum of money outstanding that households have borrowed and are currently obligated to repay. If household
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what are the factors influencing supply
Diversification - Assume that a firm has a choice of selling air conditioners, heaters, or both of them. - The probability of it being hot or cold is 5%. - The firm woul
How can we identify that something is elastic or inelastic? When demand of any commodity does not change with the change in price of that commodity that item is said by inelas
theory of profit
Distinguish demand pull, cost push and imported inflation using graphs where appropriate. What are the likely causes of current inflation in Australia? Answer Co
what is economic model and role of assumptions in it.
Ask qu a.Fill in the column of marginal products. What pattern do you see? How might you explain it? b. A worker costs $30 per day and the ''Firm has fixed costs of $10. Use this
Explain the key assumptions and desired properties commonly used economics. Economists generally make all or some of the given key assumptions and a condition while they study
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