Identify and explain the concepts from the given illustrations
1) To facilitate research in robotic technology, Japan
has invested ` 1000 crores in India
A. Identified concept: Foreign Direct Investment.
B. Explanation of concept: Foreign Direct Investment (FBI) is an investment from/ by individual or firm in one country (home country) into a business in another country (host country).
2) Prajakta and her family visited the beaches during
her eight-day Diwali vacation.
A. Identified concept: Tourism.
B. Explanation of concept: Tourism comprises the activities of people travelling to and staying in places outside their usual environment for pleasure or business.
3) Pravin from Latur works as a technician in the
films division at Mumbai city.
A. Identified concept: Entertainment industry.
B. Explanation of concept: Entertainment industry is a part of the tertiary sector of economy Which includes a large number of sub-industries such as television, print media, films, etc. Many employment opportunities are available in the entertainment industry.
4) Rani Gond from Chandrapur works as a hostess
with the Mumbai-Goa cruise ship.
A. Identified concept: Hospitality.
B. Explanation of concept: The hospitality industry is a broad category of fields within the service sector of the economy that includes sub1ndustries/fields such as airlines. cruise ship. hotels, restaurants, event management, etc. The hospitality industry mainly focuses on customers’ satisfaction.