Glossary words 1-10 Flashcards
The movement of people to countries and places outside of their usual environment for either personal or business reasons
Tourism
Someone traveling within their own country for the purpose of a trip
Domestic tourism / tourist
People who enter a country to visit for the purposes of tourism, such as for a holiday.
Inbound tourists
People leaving their own country and travelling to a different one for the purposes of tourism.
Outbound tourists
Visiting Friends and Relatives
VFR
A business run by a self-employed individual
Sole trader
A business owned by shareholders who invest in the business in return for a share of the profits
Private organisation
Owned and funded by the government
Public organisation (PLC)
A business owned by shareholders that can sell shares to the public
Public limited company (PLC)
Units of ownership of a company offered for sale to raise funds for the company
Shares