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The Economics of Travel (Key)
List some facts about each of the economies from the slide presentation.
Good
Economy
Slow
Economy

Businesses do poorly

Businesses do well

Recession – trade and industrial activity are reduced

Expansion

People lose jobs and have less money

People have more money to spend

Spending is cut on food, recreation and travel

Extra money spent on food, recreation and travel
State of the Economy and Travel Decisions
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