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Illustrate the economic benefits of The Celtic Greenway to the secondary sector and to the tertiary (services) sector - Leaving Cert Business - Question A - 2018
Question A
Illustrate the economic benefits of The Celtic Greenway to the secondary sector and to the tertiary (services) sector. Describe two social benefits of The Celtic Gr... show full transcript
Worked Solution & Example Answer:Illustrate the economic benefits of The Celtic Greenway to the secondary sector and to the tertiary (services) sector - Leaving Cert Business - Question A - 2018
Step 1
Illustrate the economic benefits of The Celtic Greenway to the secondary sector
Answer
The secondary sector, encompassing businesses that process raw materials into finished products, benefits through:
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Direct Employment/Job Creation: The construction phase of The Celtic Greenway has created jobs, contributing to economic stability. For instance, the construction of the route was undertaken by a local building company over three years, leading to increased employment in local construction.
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Support for Local Industries: The project has provided opportunities for local businesses to supply materials and services, thereby boosting the secondary sector in the region.
Step 2
Illustrate the economic benefits of The Celtic Greenway to the tertiary sector
Answer
The tertiary sector, which involves service-based industries, also sees significant benefits, including:
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Expansion of Services: The establishment of The Celtic Greenway has led to increased demand for local services such as cafes, restaurants, and accommodation. Local businesses, including shops, will experience growth due to tourist interest and foot traffic along the Greenway.
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New Business Ventures: Luke Breen, recognizing the demand for bicycle rentals, established Greenway Bikes. This enterprise enhancement exemplifies how the Greenway has spurred business developments and service offerings in the local economy.
Step 3
Describe two social benefits of The Celtic Greenway project
Answer
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Promotes Healthy Lifestyle: The establishment of a safe and attractive walking and cycling route encourages physical activities such as cycling and jogging. This increase in outdoor activities contributes to healthier living in the community and promotes public wellness.
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Improved Quality of Life/New Facilities: The Greenway fosters recreational opportunities, allowing individuals and families to enjoy the scenic countryside. This not only enhances the quality of life but also builds a sense of community as people participate in activities together.