CameraIcon

SearchIcon

MyQuestionIcon

2

You visited us 2 times! Enjoying our articles? Unlock Full Access!

Tourism and Hospitality Industry

discuss touri...

Question

discuss tourism as an invisible trade?

Open in App

Solution

Dear Student,
Tourism is known as "invisible trade" because it involves the transfer of non-tangible goods and/or services, including customer service, intellectual property and patents.

Suggest Corrections

thumbs-up

0

Similar questions

Q. Why is tourism considered as an 'invisible trade' ?

Q. Tourists avail facilities like hotels, restaurants, shops and transport. Hence, tourism is also known as an invisible trade.

What is invisible trade? Discuss salient aspects of India's trade in services.

What is invisible trade? Discuss the salient aspects of India's trade in services.

Q. Based on the statements provided, choose the correct option below:
A) Tourism is believed to be invisible trade as it adds very minimal value to the economy.
B) Tourism inspires the development of housing, resorts and traffic routes in an eco-friendly manner.

View More

Join BYJU'S Learning Program

similar_icon

Related Videos

lock

Tourism and Hospitality Industry

HISTORY

Watch in App

explore_more_icon

Explore more

Tourism and Hospitality Industry

Standard X History

Join BYJU'S Learning Program

CrossIcon