21Nov 2018 by Reese Bannister

Short Essay on Tourist

Industry
The word ‘tourist‘ is believed to have been stemmed from Latin word ‘TORNUS’ which means a tool for describing a circle or a turner’s wheel. In the sense of the word of origin, tourist is a person who undertakes a circular trip, i.e., ultimately comes back to the place from where he sets about his journey.As late as 1643, the term was first put to use for describing persons travelling from place to place, effecting an excursion, performing a journey and during the course of that visiting a number of places in a region or in an order. In the 17th and early 18th century, the English, the Germans, and others travel on a Grand Tour of the continent came to be recognized as tourists.Around the early nineteenth century, the…
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21Nov 2018 by Reese Bannister

3 Important Elements of Tourism

Industry
The model comprises of three basic elements are as follows: Elements (1) Tourists: The tourist is the key player in this system. Tourism, in fact, is a human experience, enjoyed, anticipated and recalled by a lot as a historic and/or life time aspect. Therefore, defining the tourist and its classification turns out to be equally relevant. Image Source: i.huffpost.com (2) Geographical Elements: Leiper describes three main geographical elements in his system’s model. These are: ADVERTISEMENTS: (i) Traveller-generating region(ii) Tourist destination region(iii) Transit route region ADVERTISEMENTS: The traveller-generating region (TGR) exemplifies the area breeding markets for tourism, and practically acts as the ‘push’ force to motivate and stimulate i.e., set off and encourage travel.It is this region where the tourist tries to seek information, goes for reservations and makes the departure.…
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21Nov 2018 by Reese Bannister

What is the difference between Inward and Outward Development Strategies in Latin American?

Strategy
Structuralists led by Raul Prebisch, Celso Furtado, Anibal Pinto and H.W. Singer distinguished outward and inward directed development strategies.Till the 19th Century, resource-based exported development strategy was the dominant feature of all the Latin American economies. This strategy was explicitly titled towards forging international trade links on a comprehensive scale. In the first three decades of 20th Century, however, it began to lose its momentum.In the first place, the First World War affected adversely their exports, disrupted their supply of essential imports mainly on the account of blocked trade routes. Second, the ‘Great Depression’ of 1930s gave another serious blow to the export earnings of most of the Latin American countries. ADVERTISEMENTS: Forced by unprecedented circumstances, these countries marked a shift from outward-oriented commodity export based development strategy to inward-looking…
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20Nov 2018 by Reese Bannister

Essay on the prospect and retrospect of privatisation in India

Industry
Privatisation is only a modern name assigned to the concept of laissez-faire advocated by Adam Smith and other classical economists. But in the environment of mixed economy, it has a new significance.The world economists have adopted it as a tool of new economic prosperity. It is expected that the new liberal era of industrialisation will open a new chapter in the field of productivity, efficiency, cost consciousness, competitiveness and management. The participation of the private sector in the development process is not an option; it is an essential requirement of development.Earlier private enterprises which got into financial difficulties were taken over by the government in most of the countries. Now the policy has completely changed. Public enterprises which got into financial difficulties are transferred to a private agency. Image Source:…
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20Nov 2018 by Reese Bannister

7 Major Causes leading to Inflation in India

Industry
Major causes leading to inflation are as follows: Causes 1. Increase in money supply: Over the last few years the rate of increase in money supply has varied between 15 and 18 per cent, whereas the national output has increased at an annual average rate of only 4 per cent.Hence the rate of increase in output has not been sufficient to absorb the rising quantity of money in the economy. Inflation is the obvious result. Image Source: weknowyourdreams.com 2. Deficit financing: When the government is unable to raise adequate revenue for its expenditure, it resorts to deficit financing. During the sixth and seventh Plans, massive doses of deficit financing had been resorted to. It was Rs. 15,684 crores in the sixth Plan and Rs. 36,000 crores in the seventh Plan.…
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20Nov 2018 by Reese Bannister

1212 Words Short Essay on India as a nuclear power

Strategy
India became the sixth member of the World Nuclear Club on 18th May 1974 when it exploded its first underground nuclear device at Pokhran range’ near Jodhpur in Rajasthan. The other five members of the Nuclear Club are the U.S.A., Russia, U.K., France and China.The credit for this astounding achievement goes to Dr. H.N. Sethna, the then Chairman of the Atomic Energy Commission of India. Dr. Raja Ramanna was also actively associated with this project. We must also remember late Dr H.J. Bhabha, who was the first Chairman of the Atomic Energy Commission and was responsible for laying the infrastructure for nuclear research in India.The emergence of India as a nuclear power has enhanced the prestige of India in the world. In fact, India is the first among the underdeveloped…
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20Nov 2018 by Reese Bannister

412 Words Free Sample Essay on the growth of Tourism in India

Industry
Constructed in different parts of India some more youth hostels are coming up in the north-eastern region. In order to consider and recommend measures necessary for the promotion of tourist traffic to India from other countries and from one part of the country to another, a Tourism Advisory Board has been constituted. The Board reviews the tourist trends and suggests appropriate measures.In October 1966, a public sector enterprise called India Tourism Development Corporation (1TDC) was set up for the progressive development of tourist infrastructure. It operates India’s largest accommodation chain-the Ashok Group-comprising several hotels spread throughout India. In January, 1983, the Government set up the Indian Institute of Tourism and Travel Management. This Institute organises seminars, workshops on Hotel Management, restaurant management, tourism planning, etc.As a matter of fact, India…
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20Nov 2018 by Reese Bannister

3 Essential Parts of the Economic System (India)

Industry
In a mixed economy, the entire economic system is divided into three parts:(i) Sectors which are exclusively controlled and managed by the private enterprise subject to the general control and regulation by the State; ADVERTISEMENTS: (ii) Sectors which are exclusively controlled and managed by the State; and(iii) Sectors which are jointly managed and controlled by the state and private enterprise. Image Source: i.ytimg.com Essential Parts of the Economic System 1. Private Sector: There is a vast private sector in India dealing with both production and distribution of goods and services. The private ownership has taken many forms—single proprietorship, partnership, joint stock companies and co-operatives.The private sector produces and distributes a major proportion of the total product of the country. This is quite clear from the fact that it contributes to…
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20Nov 2018 by Reese Bannister

1110 Words Short Essay on importance of forests

Management
Poverty and under-development contribute to the problems faced in the field of environment in India, Increasing population and various developmental activities pose a threat to the environment and urgent remedial measures are now required for restoring the environmental degradation and maintaining ecological balance.Forests are a renewable source and contribute substantially to economic development. They play a major role in enhancing the quality of the environment. The forest cover of the country as per 2007 assessment is 690,899 km2 which is 21.02 per cent of the geographical area of the country. Very dense forest constitutes 83,510 km2 (2.54%), the moderately dense forest 319,012 km2 (9.71 %) and open forest constitutes 288,377 km2 (8.77%) of the geographical area the scrub accounts for 41,525 km2 (1.26%).India is one of the few countries which…
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20Nov 2018 by Reese Bannister

8 Unique Characteristics of an Underdeveloped Economy with Special Reference to India

Industry
Anybody would know an underdeveloped country when he sees one. It is a country characterised by poverty, with beggars in the cities, and villagers eking out a bare subsistence in the rural areas.It is a country lacking in factories of its own. It usually has insufficient roads and rail-roads, insufficient government services and poor communication. It has few hospitals and few institutions of higher learning.Most of its people cannot read and write. In spite of the generally prevailing poverty of the people, it may have isolated islands of wealth with a few persons living in luxury. Its banking system is poor, small loans have to be obtained through money-lenders who are little better than extortionists. Image Source: cdn.publishyourarticles.net ADVERTISEMENTS: The exports of an underdeveloped country usually consist of raw materials…
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