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Baumol has argued that entrepreneurship can be either productive or unproductive. [15] Unproductive entrepreneurs may pursue economic rents or crime. Societies differ significantly in how they allocate entrepreneurial activities between the two forms of entrepreneurship, depending on the 'rules of the game' such as the laws in each society.
Smart tourism refers to the application of information and communication technology, such similar to the smart cities, for developing innovative tools and approaches to improve tourism. [ 3 ] [ 2 ] Smart tourism is reliant on core technologies such as ICT, mobile communication, cloud computing, artificial intelligence, and virtual reality.
Entrepreneurship is the creation or extraction of economic value in ways that generally entail beyond the minimal amount of risk (assumed by a traditional business), ...
International tourism is a volatile industry with visitors quick to abandon destinations that were formerly popular because of threats to health or security. [90] Tourism is seen as a resilient industry and bounces back quickly after severe setbacks, like natural disasters, September 11th attacks and COVID-19. Many call for more attention to ...
Business tourism or business travel is a more limited and focused subset of regular tourism. [1] [2] During business tourism (traveling), individuals are still working and being paid, but are doing so away from both their workplace and home. [2] Some definitions of tourism exclude business travel. [3]
Major progress on inclusive entrepreneurship has been made through the EU's EQUAL Community Initiative which included a theme on business creation that was taken up in approximately half the EU Member States. This action research has led to the development of a community of practice on inclusive entrepreneurship called COPIE. COPIE was led by ...
A 2018 article published in the Journal of Agriculture, Food Systems, and Community Development classified agritourism activities as falling into one or more categories: direct-to-consumer sales (e.g., farm stands, u-pick), agricultural education (e.g., schools visits to a farm), hospitality (overnight farm stays), recreation (e.g., hunting, horseback riding), and entertainment (e.g., hayrides ...
Heritage tourism is a branch of tourism centered around the exploration and appreciation of a region's cultural, historical and environmental heritage. [1] This form of tourism includes both tangible elements, such as historically significant sites, monuments, and artifacts, as well as intangible aspects, such as traditions, customs, and practices.