Question
Sports economics is a discipline of economics focused on its relationship to sports. However, with the proliferation of globalized sports markets as well as the
Sports economics is a discipline of economics focused on its relationship to sports. However, with the proliferation of globalized sports markets as well as the extreme rise in sports media, the economics of sport cannot be dismissed. In the United States, the Super Bowl regularly commands the attention of millions. In the EU, over 15 million people are employed in the sports world. On a larger scale, sports and sporting outlets provide immense health benefits as well as general satisfaction for a citizenry which are both prominent state concerns the world over. Another great feature of Sports Economics is the data rich environment that sports provide. In sports there are ample data sets provided from which economists can easily apply and investigate common economic models or problems, thus contributing to the field of economics at large
Question
Analyze how sports can provide returns to the economy. Please include example with references from each source
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started