An Economic Transactions Analysis of Tourism
This article suggests that the complex set of markets and the composite products which make up tourism can be best analysed by adopting an approach based on the analysis of transactions. The transaction is the fundamental unit of economic analysis. Tracing the transactions chain and the packaging of transactions makes the analysis of tourism more straightforward and gives a unit to its conceptualisation.
KeywordsTransaction Cost Tour Operator Transfer Price Multinational Enterprise Tourist Product
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