Read the passages below and summarize them using one sentence in not more than 75 words(30-35 words). Type your response in the comment section at the bottom of the screen. You have 10 minutes to finish each passage. Your response will be judged on the quality of your writing and on how well your response presents the key points in the passage.
1.International tourist visitation in Australia is at record highs, and spending by tourists (particularly from China) is exploding as well. This is giving Australia’s retail sector a big boost. The strong growth in tourism over recent years is expected to continue during 2017, adding a key supplementary market for Australia’s retailers. But tourists also exacerbate Australian retailers’ vulnerability to international competition.
As more tourists arrive onshore, more international retailers want to come along for the ride as well. Still, strong growth in tourism is welcome news in an otherwise harsh landscape. Domestic retail sales demand remains sluggish, as record low wage growth, high levels of household debt, and uncertainty over interest rates and house prices are keeping overall spend growth low.
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2.The NSW Taxi Industry is funded by the private sector from the fares paid by passengers. The NSW Government does not provide any funding to the industry. Funding is provided to some taxi passengers through the Taxi Transport Subsidy Scheme (TTSS) although this is relatively small in dollar terms compared with other public transport expenditures.
The industry generates economic activity for upstream industries such as vehicle manufacturers, mechanics and automotive parts suppliers, dispatch and radio equipment manufacturers, the insurance industry, advertisers and fuel distributors. For an illustrative NSW taxi fare of $25, around half is paid to the driver, with the remainder distributed throughout the sector and the economy more broadly, as depicted in the following chart.
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3.A vibrant night economy, including cultural activities, dining, socialising, and shopping experiences, is a feature of most world class cities. It benefits residents by improving access to events and services, as well as attracting visitors from around Australia and overseas.The night economy provides a significant contribution to Sydney and the wider NSW economy. The turnover associated with core businesses like food, drink and entertainment venues was $2.7 billion in 2009, while non-core businesses, including transport, accommodation and shopping generated a further $12.4 billion of turnover. Together, these account for 28.4% of all jobs in the City of Sydney (City of Sydney 2011).
Transport availability is crucial to support the night economy, and taxis are one of the most frequently used modes of transport home. They are particularly important after around 1am, when trains shut down and bus services are reduced.Taxi services perform an important safety function through the provision of safe and reliable services to people staying out late at night. This leads to lower drink driving, reduced anti-social behaviour and also safe transport for late night workers.
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