Questions

Hospitality actually means, taking care of guests in the best possible way.

Organizing, providing services and looking care after guests is included in it.

It means friendly and generous treatment of guests. 

Hospitality industry includes all companies involved in providing services for guests. They provide more mental satisfaction than tangible objects.

Economics deals primarily with the concept of Scarcity and choice. Scarcity is the limited availability of a commodity, which may be in demand in the market. Scarcity also includes an individual's lack of resources to buy commodities.

The persons with 'O' blood group do not have antigens in the red corpuscles. So that blood will not cause agglutination of corpuscles if mixed with any type of blood. So group 'O' persons are called universal donors.