Category: Industry

As an industry the impact of tourism is manifold. Tourism industry nourishes a country’s economy, stimulates development process and restores the cultural heritage.This industry enjoys a major advantage over other industries that of having a unique product which might differ from state to state. For example, Goa is renowned for its sunny beaches and colonial charms, palaces which are reminders of princely era. Tourism Earns Foreign Exchange: During the 1960’s great emphasis was placed on tourism as a source of foreign exchange earner. Tourism is the one industry that earns foreign exchange for country without exhausting natural resources and without actually exporting any material goods. ADVERTISEMENTS: The income from tourism has tended to increase at a higher rate than merchandise export in a number of countries. There is now almost…

Tourism, then, is the business of attracting visitors and catering to their needs and expectations. The following is an overview of the major components of the tourism and travel industry. I. Tourist Destinations: (a) Government promotion offices ADVERTISEMENTS: (b) Regional promotion offices(c) Resort areas, convention centers. Image Source : speedcoverage.com II. Transportation: (a) Airlines.(i) Major ADVERTISEMENTS: (ii) National(iii) Regional(iv) Nonscheduled /charter. (b) Ground Transporter ADVERTISEMENTS: (i) Rent-a-car(ii) Motor/coach(iii) Railroad. III. Accommodation: (a) Hotels(b) Motels (c) Resorts(d) Cruise lines. IV. Tourist Attractions: (a) Attractions(b) Theme parks(c) Museums. V. Travel Brokers: (a) Travel agents(b) Travel wholesalers(c) Tour and charter operators(d) Ground operators(e) Travel incentive companies. VI. Travel Related Services: (a) Financial (credit cards, travellers cheques, travel insurance).(b) Travel publications guide books.Our world is diverse. It is composed of countries with a variety…

Congress (I) came back to power in 1980 indicated to thrust in Industrial Policy of 1956. On 25 July, 1980 the new Industrial Policy was announced.The main features of the Industrial Policy of 1980 were.1. Revitalisation of the Public sector:The government decided to raise the efficiency of public sector undertakings. For this purpose, it proposed to strengthen their management and develop man­agement cadres in the field of finance, marketing etc. It also proposed to study the industrial units of the public sector and suggest specific steps for their betterment. Image Source: 185.26.182.219 ADVERTISEMENTS: 2. Economic Federalism:It proposed to promote the concept of economic federalism with the setting up of a few nucleus plants in each district, identified as industrially backward, to generate as many ancillaries small and cottage industries for…

Today, the sugar industry is the third largest industry in the country and ranks next only to the iron and steel, and cotton industries. The effluent from sugar industries contains a large amount of dissolved organic matter.This organic matter is readily decomposed by biological action. Consequently, discharge of these liquors to surface water causes serious damage to aquatic life. In India, there are about 314 sugar factories, of which 90 are in U.P. The statewide position is given in. Of about 4.1 million tonnes of sugar produced annually, 1.1 million tonnes are produced by Uttar Pradesh. Standards for Pollutants: The standards prescribed by the Uttar Pradesh Pollution Control Board, Bureau of Indian Standards, and some developed countries, e.g., the UK, USA, Japan and Switzerland. ADVERTISEMENTS: The variations in case of…

Each firm under imperfect competition or monopolistic competition produces different commodities which are close substitutes.This makes the output and price policies of an individual firm’s product partially dependent on the output and price policies of its rivals.In other words, the average revenue curve and the average cost curve of each firm will be partially affected by the price and output policies of its rivals. ADVERTISEMENTS: Since each firm can also increase or decrease the price of its commodity by its own action, the average revenue curve of each firm slopes downwards.It should be remembered that under perfect competition the average revenue curve of each firm is a horizontal straight line. It is so because no firm by its individual action increases or decreases the price of its commodity.Further in the…

There is no definite theory of price-output determination under oligopoly. The reason being that there is interdependence in the decision-behaviour of oligopolistic firms and the uncertainty about the reaction patterns of rival firms.The demand curve of each firm is uncertain. Due to interdependence in the behaviour of firms and uncertain reaction patterns, there can be a variety of behaviour patterns.Different economists have made different assumptions about the aims of oligopolist firms and they assumed different behaviour patterns of firms accordingly. ADVERTISEMENTS: Different behaviour patterns may be-(i) rivals may decide to co-operate in the pursuit of their objectives, (ii) they may fight each other to increase their market shares, and (iii) agreements may be of wide variety.Therefore, a large variety of models about price-output determination under oligopoly have been developed by…

Free sample essay Energy Crisis in India. Energy is the motive power that keeps the wheels moving and other things live and dynamic. Energy forms the foundation of all our industrial, agricultural and developmental activities. Life itself is energy based.Energy is crucial for all our growth and development. There are a number of sources of energy, such as fossil fuel, wind, water and the sun. Fossil fuel has been the conventional source of our energy needs and under it come coal, lignite, petroleum and natural gas. Another source of traditional energy is fuel wood, animal waste and agricultural residues but these are known as non-commercial fuels. Unfortunately, the sources of conventional energy are depleting quite quickly. These conventional and natural sources of energy are not sufficient to meet our ever-increasing…

Free sample essay on the importance of Self-Reliance. Self-Reliance or self-help is a must to achieve success, happiness and progress. It is of no use to wait for others to help, assist and guide. The saying, “God helps those who help themselves,” very beautifully and aptly underlines the truth.Only the week and helpless call on gods for help instead of putting their own shoulders to the wheel. One must learn to trust one’s own hands, power and strength instead of depending on good luck and the grace of the gods. Man is his own friend or foe. It is he himself who can make or mar his fortune. One is what one chooses to be. Lord Buddha taught man to be one’s own lamp and light and not to depend…

Trees are very important for our survival in many ways. They clean the soil by filtering sewage and chemicals used in farms. They help control noise pollution and reduce flash flooding. Trees absorb carbon dioxide which contributes to global warming. They also clean the air by absorbing pollutants like carbon monoxide and sulphur dioxide. They also help to lower temperatures. They give shade during the summer and act as windbreaks during winter if they are located on the windward side. They also prevent soil erosion. It is seen that the presence of trees in an area can increase property values by at least 15%. For all these reasons it is very important for us to save trees and increase the green cover of the earth. We can start by planting…

Every day, some young boy or girls in some small town in India hops on a bus or train with dreams in their eyes and a song in their heart, hoping it make it big in the world of films. Many falls by the wayside but some go on to become big names in an industry which is the largest in the world. The Indian film industry is built on the dreams of millions of such people. The country produces more than 1000 films every year in over 20 languages. A feat which even Hollywood cannot match! The major film studios are found in Mumbai, Chennai, Hyderabad and Kolkata. Other cities too produce many films in regional languages like Malayalam, Kannada, Bhojpuri, etc. When we talk of national appeal, it…