Scarcity: limited availability of things that we desire (not to be confused with shortage). Utility



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Bog'liq
Tourism economics

Economic impact — Employment impact: job creation driven by tourism

Employment income: wages and salaries provided by tourism

Tourism value-added: the value of tourism goods and services produced in a community, minus the wages, salaries and benefits paid by the employer

Other measures

Wealth

Wages and salaries provided by tourism

Increase in property values

Investment income generated through tourism

Multipliers

Measure of overall increase in wealth arising from visitor expenditures; associated with economic impact

Several types, each must be used and interpreted with caution

Other measures

Government revenues

Sales taxes or value-added taxes

Excise taxes

Property taxes

Income taxes

Business licensing fees

Fees for visas and passports

Admission fees from government tourist attractions such as museums and parks


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