Tourism differs from travel in the following aspects: • Reason to travel: It can be anything but remuneration from the place visited. • It requires a change from familiar environment. • Period of stay: The least would be one day and maximum would be a year. General growth of tourism in India In recent years tourism in India has shot up at lightening speed. India has succeeded in becoming the most preferred place amongst domestic and overseas traveler. Tourism exposes the international traveler
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The recent economic recession faced by not only the United States‚ but also major countries across the globe‚ has made it tough for businesses to keep operating at a profitable level and forced many to downsize their personnel or to even go bankrupt. In fact‚ this tough economic period has caused consumers‚ whether they are manufacturers buying raw material or an average person buying food at the grocery store‚ to be a lot more conservative with regards to their needs and spending. Consequently the
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http://www.economist.com/node/14447276 LVMH in the recession The substance of style The world’s biggest luxury-goods group is benefiting from a flight to quality‚ but the recession is also prompting questions about the company’s breadth and balance Sep 17th 2009 | Paris | from the print edition * * Bloomberg “THERE are four main elements to our business model—product‚ distribution‚ communication and price‚” explains an executive at LVMH‚ the world’s largest luxury-goods group. “Our
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Over the past few years our country and the rest of the world has experienced an economic crisis. For the United States‚ it’s been one of the worst economic recessions since the Great Depression during the 1930’s. The recession was caused by many downfalls but the majority was caused by the collapse of the housing market. In the years before the crisis‚ the behavior of lenders changed dramatically. Lenders offered more and more loans to higher-risk borrowers‚ including undocumented immigrants
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Large Corporation’s Impact on Small Businesses after the Great Recession ENG122 Michelle Terashima 04/29/2013 Large Corporation’s Impact on Small Businesses after the Great Recession The current economic environment caters to large retail corporations and curtails small retail businesses growth. Small businesses have only recently started to make some minor strides in growth. However the growth has been hampered in recent years because of large businesses unfair advantages that have
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1990-91 Recession The 1990-91 recession‚ although milder than previous downturns‚ significantly affected the United States’ workforce. The 8 month long downturn‚ beginning in July of 1990 and ending in March of 1991‚ marked the end of our country’s longest peacetime expansion on record and had the lowest growth rate since the Great Depression (Gardner 3). Although the National Bureau of Economic Research concluded that the early 1990s recession lasted just eight months‚ conditions
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The fear of a recession looms over the United States. And as the cliche goes‚ whenever the US sneezes‚ the world catches a cold. This is evident from the way the Indian markets crashed taking a cue from a probable recession in the US and a global economic slowdown. Weakening of the American economy is bad news‚ not just for India‚ but for the rest of the world too. So what is a recession? A recession is a decline in a country’s gross domestic product (GDP) growth for two or more consecutive
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Aadia Afraz SS 100 (writing and communication) 14 March 2011 Impact of the great depression and the current recession on African Americans With millions unemployed‚ thousands on the verge of suicide and many resorting to crime for sustenance‚ surely the effects of the recessions were more pronounced on African Americans. The recession (a) of the early 1930’s started in late 1929 (October) and lasted till 1941. It had such huge repercussions on the
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financially from tourism. However‚ tourism in LEDCs needs to be carefully managed to prevent harm to the environment and disruption to local communities. Economic effects First and foremost‚ money travelling into countries through tourism can lead to the establishment of some morally questionable activity. To name a few‚ tourist hotspots in developing countries are often rife with theft problems‚ maimed beggars and prostitution. The inflaming of these issues as a result of increased tourism is an obvious
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channelnewsasia.com‚ is about the recession that hit Singapore back in 2008. In the said article‚ the recession in 2008 was so bad‚ that it left many Singaporeans jobless due to high rate of retrenchment‚ that was possible to reach as high as it was during the 1998 Asian financial crisis and 2001 economic downturn that left up to 30‚000 workers retrenched. Besides causing loss of jobs for many workers‚ the recession in 2008 subsequently affected the manufacturing sector‚ tourism‚ transportation and trading
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