Surname 1 Students Name Instructors Name Course Code 15th November, 2012 Impacts of Leisure on an Economy Leisure activities

like recreation and tourism provide numerous opportunities of employment. This is a benefit of leisure to a nations economy because a rich economy must have a high employment rate, a positive indicator of economic growth. The leisure sector creates opportunities of employment for many people. There are many successful businesses around the globe that specialize in leisure services like bar, discos, cinemas, tourist agencies. All these businesses need labor force to operate. Consequently, they hire workers to work for the sustainability of their businesses. In the process, the economy of the country in which the activities take place gets a tremendous boost. This paper will describe one negative and one positive impact that leisure has on the economy. The paper will further explore how these leisure activities play an important role in shaping the economy of a country. One negative effect of leisure is the negative balance of payments. This is an economic indicator consisting of a countrys record of its transactions with other foreign nations. A negative balance of payments shows that a countrys income is going out to its international partners as compared to what is coming into its economy. Leisure harms would have such a dilapidating effect on a countrys financial position since most of the leisure commodities are imports. Essentially, a country would a lot of money from its economic in the importation of leisure facilities. Such imported would range from

Surname 2 automobiles to leisure drinks like wine and expensive alcoholic drinks, among other commodities. Travel to other countries for touristic reasons would also present such adverse effects on a countrys economy.