The fact that tourism dollars are recycled throughout the local economy, being spent and re-spent, is referred to as:

Name: The fact that tourism dollars are recycled throughout the local economy, being spent and re-spent, is referred to as:
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The multiplier effect is the term used to describe how money spent by tourists is re-spent multiple times within the local economy, creating a ripple effect of economic activity in the area. This is a well-established concept in the field of tourism economics.

The Fact That Tourism Dollars Are Recycled Throughout the Local