Answer: A festival creates a number of impacts on the host community such as: increased expenditures, creation of employment, increase in labor supply, increase in public finances (such as sales tax), increase in standard of living and increase in awareness of the area.
Explanation:
The answer is under
1. D
2. B
3. A
Answer:
To give money the time value as it deserves. To reduce risks and compensate for the same through offering products and services. To enable the most efficient economic resource allocation. To maintain market stability in the economic sector.