Answer :
The GDS (Global Distribution Systems) system, which was developed for the airline industry, is still utilized in electronic travel, hotel, auto rental, and attraction booking markets.
What is the industry?
- An industry in macroeconomics is a division of an economy that generates a connected group of products, services, or raw resources. One may cite the timber business or the insurance sector as examples.
- Industry classifications often utilise a company's or group's major source of revenue when analysing it to place it inside a certain industry.
- For instance, "statistical units" are categorised by the "economic activity in which they primarily participate" according to the International Standard Industrial Classification (ISIC), which is utilised directly or through derivations for the official statistics of the majority of nations worldwide.
- The next definition of industry is "a set of statistical units that are grouped into the same ISIC category."
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