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Economic Impact of Resort Development

There are two boxes one box is the capital investment where  refers to funds invested in a resort for the purpose of furthering its resort’s objectives that connect to the second box the increase quality of labor force where the degree of complexity, intensity, and difficulty of labor. Then the line down that is from capital investment to the box of Land utilization where involves the management and modification of natural environment or wilderness into built environment such as settlements and semi-natural habitats that can be also in a resort. Next box that connect from land utilization is the Improve technology also under from increase quality of labor force where improving of the technology can help develop the machines, equipments also the high end technology by this can be a big impact into the resort. Next box that is from land utilization and improve technology is the Increase supply where means that at each of the prices there is now an increase in the quantity supplied and also can boost the development of the resort that need more supply because of the bigger resort. Next box is the economic growth from the increase supply where an increase in the amount of goods and services produced per head of the population over a period of time that can also happened in the resort. Next is box is increase demand but pointing the line to economic growth where economic principle referring to a consumer's desire and willingness to pay a price for a specific good or service in a resort can be also an impact.