Informal economy

Tourism is really important for each country, this industry bring huge sum of money to the national economy. And usually local people support tourism because it provides very big income for them, but after some time line is crossed and locals start notice a lot of negative points. In this part we will talk about different types of consequences of mass tourism. As everything in our life, mass tourism has positive and negative points. First of all, as we already noticed, mass tourism provides huge…

Abstract Tourism is an international activity that includes a combination of economic, political, social and environmental factors with more and more complex consequences. The touristic development creates economic benefits and costs from country to country and from region to region. This is mainly attributed to at the different economic structures of the countries or regions of touristic destinations and by their geographical position. The Historic and cultural objects play an important role in…

PESTLE Analysis Political factors The political condition of Denmark is very good because of the multi-party system. The government uses policies which helps the overall business of the country and makes it easy for the investors to invest. So the government makes it very easy for big companies like Lego to survive in turbulent economic times. The operation of the company is also influenced by the policies of the European Union as they have to abide by the rules made by them. The European Union…

the theory of value and time factor. Economics is the study of human action and how to manage the limited resources to fulfill unlimited wants of humans. It is also social science that analyses the choice for sharing limited resources. In economy, there are goods and services, production, consumption and so on. In real life, humans have many unlimited wants. Humans use goods and services to fulfill their unlimited wants. Using goods and services to fulfill unlimited wants is called…

the biggest tourist destination. Thailand’s tourism industry started growing faster since 1987. In current years, the international tourism market provides an enormous opportunity for further progress, with benefits and drawbacks that influence on economy, society and environment. There are many types of tourism in Thailand. Ecotourism, tourists who can learn about the ways of life shared by humans and animals, such as bird and elephant show centers or going to visit forests, mountains, rivers…

functioning on its own. The nested economic interest of underlying the process of globalisation include increase in the inflow and outflow of foreign capital in the country, shift from manufacturing to service sector and finance and opening up of the economy to make space for international economic activities; as a result of this, the urban spaces have had to redesign themselves in order to facilitate these. . It can be observed, especially in the case of India,…

context, we are going to discuss what are IOs, their roles, actors and non actors. What part UNO played and what it will play in future. What are the purposes and limitations of UNO and what UNO’s further agencies are contributing towards the World economy and prosperity. International Organizations An international organization is “aorganization that promotes voluntarycoordination between its members. Two main types of IOs: 1.International nongovernmental organizations (INGOs):These…

who wish to become professional tour guides? Background: Tourism is one of the leading sectors in many of the world’s countries such as France, United States, Spain and China. Tourism helps in improving the country’s economy, here in the UAE depend on tourism and it helps the economy improving too. Dubai is one of the leading emirates in tourism earning 27% of its GDP from tourism receipts in 2013 (Rogers, 2014). Tour guiding is an important profession worldwide so it is essential to have…

quick economic growth, but also a change in social attitudes. Society discovering new found freedoms then suddenly people's expectations were changing, and this was fuelled by new technologies and a booming economy. However, hidden behind the hopeful and confident views and a booming economy, there were still problems, which led to the stock market crash of 1929 and the Great Depression of the 1930s. People came from all or around the world searching for an opportunity, a freedom and peace,…

low-wage labor from new economy might lead to job losses in many developed countries. Secondly, We have to mention about the effect of globalization of the…