1) Economic dependency: One impact for the residents of the islands is that they often become heavily dependent on tourism as a source of income. Since tourism is a seasonal industry, there can be fluctuations in income and employment opportunities. During the peak tourist season, residents may experience an increase in job opportunities and income, but during the off-season, they may face unemployment or reduced income. This economic dependency on tourism can create uncertainty and vulnerability for the residents.
2) Rising cost of living: Another impact is the rising cost of living, driven by the tourism industry. As more tourists visit the islands, demand for goods and services increases, leading to a higher cost of living for the local residents. This is because businesses catering to tourists often charge higher prices, while the availability of affordable housing and basic necessities may decrease. As a result, the local residents may struggle to afford basic necessities and experience a decline in their standard of living.
two impacts for the residents of the islands economicaly
1 answer