*management What is the relation between business and economy? Business and economy are closely related terms.

Business is something that people do to achieve some desired ends, which could be money, personal satisfaction, spiritual satisfaction so on and so forth. What ever the business do has its effect on the economy, for it is impossible t o run a business without money. Economic environment is a very important factor in business, it is this one that prompts or stop a man from beginning or continuing his busin ess.

Definition of 'Business' 1. An organization or enterprising entity engaged in commercial, industrial or p rofessional activities. A business can be a for-profit entity, such as a publicly-traded corporation, or a non-profit organization engaged in business activities, such as an agricult ural cooperative. 2. Any commercial, industrial or professional activity undertaken by an individu al or a group. 3. A reference to a specific area or type of economic activity. Investopedia explains 'Business' 1. Businesses include everything from a small owner-operated company such as a f amily restaurant, to a multinational conglomerate such as General Electric. 2. To "do business" with another company, a business must engage in some kind of transaction or exchange of value with that company. 3. In this sense, the word "business" can be used to refer to a specific industr y or activity, such as the "real estate business" or the "advertising business".

Definition of 'Economy' The wealth and resources of a country or region, esp. in terms of the production and consumption of goods and services. The large set of inter-related economic production and consumption activities which aid in determining how scarce resources are allocated. Investopedia explains 'Economy' The economy encompasses everything related to the production and consumption of goods and services in an area.

The economy and the factors affecting the economy have spawned one of the largest fields of study in human history - economics. The study of economics can be broken into two major areas of focus, microeconomics and macroeconomics.

*tourism 1. Tourism is an activity done by an individual or a group of individuals, which leads to a motion from a place to another. From a country to another for perfor ming a specific task, or it is a visit to a place or several places in the purpo se of entertaining which leads to an awareness of other civilizations and cultur es, also increasing the knowledge of countries, cultures, and history Tourism has a direct impact on the national revenue for all touristic countries, it creates work opportunities, industries, and several investments to serve and raise nations performance and cultures, also distributes their history, civiliz ation, and traditions Tourism is an important industry that depends on culture and science reference: http://www.discoveralex.com/GeneralDepart_EN/Description.asp Marketing of the enjoyable and other features of a travel destination, and provi sion of facilities and services for the pleasure travelers (tourists). Read more: http://www.businessdictionary.com/definition/tourism.html#ixzz2W5IZSI hN http://www.businessdictionary.com/definition/tourism.html the activity or practice of touring, especially for pleasure. 2. the business or industry of providing information, accommodations, transportatio n, and other services to tourists. 3. the promotion of tourist travel, especially for commercial purposes. http://dictionary.reference.com/browse/tourism Tourism is travel for recreational, leisure, or business purposes. The World Tou rism Organization defines tourists as people "traveling to and staying in places outside their usual environment for not more than one consecutive year for leis ure, business and other purposes" https://en.wikipedia.org/wiki/Tourism What is the meaning of travel and how it converted into a full time industry. Th e term travel originates from the Old French word travail which meant heavy labo r . Travel refers to the movement of people or objects such as airplanes, boats, trains and other conveyances between various distant geographical locations. Another "etymologically for the word tour as suggested by Theobald in 1994 is th at it is derived from the Latin, 'tornare' and the Greek, 'tornos', meaning 'a l athe or circle and the movement around a central point or axis'. This meaning ch anged in modern English to represent 'one's turn and they suggest the action of m ovement around a circle. Argument is that a circle represents a starting point, which ultimately returns back to its beginning. Therefore, like a circle, a tour represents a journey in that it is a round-trip, i.e., the act of leaving and t

hen returning to the original starting point, and therefore, one who takes such a journey can be called a tourist Tourism is travel for recreational, leisure or business purposes. There has been an up-trend in tourism over the last few decades. People have a w ide range of budgets and tastes, and a wide variety of resorts and hotels have d eveloped to cater for them. As per the reports of the World Tourism Organization , in 2010, there were 940 million international tourist arrivals, with a growth of 6.6% as compared to the year 2009. As per their reports France and United Sta tes are the most visited countries in terms of the number of international trave lers. Economic growth in China triggered tourist inflow and in 2010, China overt ook Spain to become the third most visited country. - Learn more at www.technofunc.com. Your online source for free professional tut orials.

2. importance of tourism 1. Tourists spend money 2. Employment 3.Tourism is the fastest growing industry 4.Country becomes popular. There are a number of benefits of tourism for both the tourist and the host dest ination. On a large scale it offers a good alternative to some more destructive industri es for generating income both on nationally and privately. The tourism industry encompasses many different areas, so it also creates jobs in many different areas. With tourism comes hotels, res turants, car rental agencies, tour companies, service stations, souvenier shops, sports equipment rentals, and much more. All of this creates many different levels of employment for people in a given c ommunity. In many places the introduction and development of tourism allows local people a n opportunity for economic and educational growth that would not otherwise be available. In addition, it allows both the tourist and the local community a chance to ex perience other cultures, which broadens understanding. If properly used, tourism generated income can be tremendously beneficial to the host country and it's local communities. Tourism generated income can be used on a national and local level to better education, improve infrastructure, to fund conservation efforts, and to promote more respon sible tourism. Tourism, nowadays is one of the most popular way of spending free time. It is hi gly developed in almost all countries, mainly because of material profits it bri ngs. But unfortunately, there is the other side of the coin too, especially if i t comes about foreign tourism. From educational point of view, travelling lets people to see world, other peopl es, culture and traditions. It is said, that traveling broadens and most people co nsider, it does. At the same time, tourists who has not wide knowledge about Wor ld, can see the grass greener on the other side of the fence . It causes danger of

discontent with country that person live in, what entail complaints and dissatis faction. Also economical aspect plays huge role in domestic market economy. Lot of people works in tourist branch what is often their only source of income. What is more , there are some countries - like Malta for example - where tourism is basis of all its revenue. Howewer, if all field are tourist-minded, prices are inflated w hat is huge drawback for natives. Thirdly, tourism can have influence on tourist religious viewpoint. Seeing place which is some religion root, surely strengthens pilgrims faith. On the other ha nd, showing ones faith can meet with incomprehension or even contempt. In my opinion, tourism is too important for my mental to be stoped, or even rest ricted because of mentioned below reasons. It should be still developing, and be coming easier to get for more and more people. 3. classification of travellers

Business Travelers Business travelers are the men and women who are traveling for business or job p urposes. This might result in international travel, or it might remain in the United States depending on the job and the type of bus iness. Business travelers going to an international location need an appropriate business or work visa for the country before leaving based on the le ngth of their stay. Regardless of location, business travelers should get appropriate travel insura nce for items like work computers. Student Travelers Student travelers is the group that is either traveling for educational purposes or the travelers who are going for vacation between classes during school breaks. Student travele rs going abroad must have appropriate visas, which will differ depending on whether the trip is a ple asure trip or an educational trip. For an education trip, student visas allowing the student to study in a school a re necessary, though countries differ in exact requirements. For vacationing purposes, students need a tourist visa for international travel. Visas are not required fo r traveling within the United States. Travel insurance for students will usually cover items like laptops and digital cameras. Group Travelers The group traveler is the large tourist group, often of friends and family, who have at least 10 individuals within the group. In most cases group travelers are going as tourists to any given location. When applying for a visa, group travelers usually apply for a tourist visa to a count ry. For insurance purposes, group travelers often get special rates or deals bec ause of the large number of individuals. Medical Travelers Medical travelers are those who are traveling to see a specialized doctor for a medical ailment. For example, traveling from one side of the country to the other to see a specif ic medical doctor. This type of traveler will vary in needs for both insurance o

r visas depending on the location of the travel. If traveling to a location outs ide the United States the appropriate visa will either be a tourist or visitors visa or a medical visa if the country has a separate category. Family, Senior or Single Vacationers Vacationers who are not part of a large group, but rather fall under a family, s enior or single's category, are often separated in insurance. As far as visas for international travel are c oncerned, the typical visa is a tourist or visitor's visa. For short-term visits, some cou ntries might have a visa waiver, such as travel to Japan, which allows Americans with a valid passport to enter the country up to 90 days without a visa. In general, most countries will require a valid visa. 1. explorers 2. elite traveler 3. off beat tourist 4. unusual tourist 5.incipient mass tourist 6.mass tourist 7. charter tourist

4. Components of Tourism- Learn more at www.technofunc.com. Your online source f or free professional tutorials.

The components of travel and tourism can be broadly divided into six key areas. We will discuss each of these areas in this slide and this will help you underst and the players in this industry. 1. Travel Agent : A travel agent provides information to the people on various travel destinations , advises them of available holiday packages to suit their tastes and budget and chart their travel plan. He would generally sell the travel associated products like currency exchange, car rentals, insurance etc. 2. Tour Operators : Tour operators offer holiday packages which comprise of 1.Travel like by rail, road or air. 2. Accommodation like hotels, resorts, apartments, guesthouses 3. Travel services like airport pick and drop, sightseeing, excursions etc. These tour operators may be the wholesale operators who operate tours only throu gh retail travel agencies or they may be direct sell operators who market their product directly to the public. 3. Lodging and Catering : This components consists of those who provide accommodation to the people in the form of hotels, resorts, apartments, camps, guest houses etc. The accommodation

may be marketed individually or through the tour operators in the form of packa ge. Direct marketing may require huge costs on advertisement and selling through a tour operator guarantees the occupancy rate throughout a holiday season. Thes e service providers also take care of the catering needs of the people b providi ng them huge cafeterias, various fast food outlets in house or in the form of a Galleria. 4. Various Kinds of Transport : Transport providers are those operating any major form of transport. They could be airlines, cruise lines, car rentals, and rail companies. A tourist s choice of transport would depend on the travel budget, destination, time, purpose of the t our, and convenience to the point of destination. 5, Information & Guiding : The tourist information and guidance providers include a number of service provi ders such as those offering insurance, recreational, communication, and banking services; government agencies; tour guides; industry associations; packaging age nts; ticketing agents; and holiday sellers. 6. Tourist Attractions : The principle of attraction is to establish the need for the attraction in a par ticular location to invite more footfall. It may be a huge theme park, a museum, a gallery, a heritage building, an educational center etc. Many countries see t he need to have one or more visitor attraction in the area to widen their appeal and attract huge potential tourist.- Learn more at www.technofunc.com. Your onl ine source for free professional tutorials.

1. Accommodation Accessibility Amenities Attractions Activities 2. ? It is very basic to tourist destinations.? The latest trend in accommodatio n is holiday villages. 3. ? Primary Accommodations ? Secondary Accommodations 4. ? Hotels? Resorts? Complexes? Heritage Hotels 5. ? Motels? Youth Hostels? Holiday Centers? Farm Houses? Sleeper Trains? Carava ns 6. Accessibility is a means by which a touristcan reach the area where attraction s arelocated 7. ? Accessibility also means the transportation. The important transportation m odes are road,rail,air and water transport.? Accessible tourism is intended as t he set of services and facilities capable of allowing persons with specific need s to enjoy a holiday and their leisure time with no particular barriers or probl ems. 8. The basic facilities provided in a touristdestination . 9. ? Natural Amenities? Manmade Amenities 10. ? Beaches? Sea Bathing? Possibilities of Fishing? Opportunities of trekkingM anmade Amenities ?Various types of entertainment ?Facilities which cater special needs. 11. A tourist attraction is a place of interestwhere tourists visit, typically f or its inherentor exhibited cultural value, historicalsignificance, natural or b uilt beauty, oramusement opportunities. 12. Natural Attractions Manmade Attractions Climates Theme parks Landscapes Museums Moun tains Ancient Monuments Beaches Cultural Centers 13. ? Culture? Traditions? Scenic? Entertainment? Other Attractions 14. The various elements of tourism servicesavailable which offered to tourist at

thedestinations 15. ? Tourism resources? Receptive Facilities? Entertainment and Sport Facilitie s? Tourism Reception Facilities