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THE ECONOMICS OF TOURISM 3.1 INTRODUCTION The role of tourism services in South Africa has recently became a policy issue (Sat our, ... occupy a hotel room). 3. These notes are designed according to the NCERT syllabus of Class 9 Economics. Economics Lecture Notes – Chapter 1. THE CENTRAL PROBLEM OF ECONOMICS will be taught in economics tuition in the first week of term 1. The index is available exclusively on www.HotelNewsNow.com.The Baird/STR Hotel Stock Index is a cobranded index created by Robert W. Baird & Co. (Baird) and STR. A nation that depends on the production and export of raw material alone cannot achieve a rapid rate of economic growth. Economic Stability. The hospitality industry is realizing the strategic potential of blending the charm of traditional, people-to-people hospitality with cutting-edge technology. You can easily score high grades in Microeconomics if you study all the chapters given in the subject thoroughly. 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