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Sagot :
The unintended consequences of an economic change that are not immediately identifiable but are felt only with time are known in economics as secondary effect.
More about secondary effect:
The modifications in economic activity brought on by future rounds of tourism-related spending are secondary effects.
Secondary effects might be of two different kinds:
- Indirect effects Changes in sales, income, or employment within the region's backward-linked industries that provide goods and services to tourism enterprises are referred to as indirect effects. For instance, an indirect outcome of visitor spending is the increased sales of coffee supply companies as a result of greater café sales.
- Induced effects The region's sales have grown as a result of households spending their money from tourism and related sectors. The money that workers in the tourism sector and its related businesses make is spent on housing, utilities, groceries, and other consumer products and services. Sales, revenue, and employment are generated throughout the local economy as a result.
Learn more about secondary effects here:
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