How Sports Affect Economy

Julio Cesar Camacho López

Thursday, January 22, 2015

Final Essay

1,442 Words

“How sports affect economy”

Sport and humanity have been together for centuries, is a essential part of us because it not also give us fun and entertainment it also provide jobs, money and a plenty care economy. Sports in every part of the world are an important source of money, just for the city that hosts the Super Bowl can bring in a whopping $150 million. Those are tons of money and a positive shot to the economy and not just for the city also for the whole country. The fact that people get bored too easy and that they need a distractions makes it a pretty good way to catch attention. Sport had been a source of money, jobs and entertainment, an essential key for a healthy and strong economy.

People need distractions because they get bored too easy. In our DNA runs the passion for competitive action and strong human force, this make sport a perfect way to satisfied this need for action, speed a strength. When everybody is focused on a screen or a event is a great opportunity to put some of your product to make it more famous and to let people know you and your product or service, to put an ad of your product in the super bowl cost $4 Million for 30 Seconds that is ridiculous. “The typical conversation about Super Bowl ads and their sticker-price begins with a statistic and ends with tremendous skepticism, $4 million for no more than half a minute of TV time, are you kidding me? And then every year, companies make it clear that they are not kidding you, by buying every last spot many weeks before the big game, at a higher price, over and over again.” People while they watch the game business put ads to force already

distracted people to buy their products or services, but because is a functional way to let people buy your products is not cheap. The reason for that are media-related advertisements and commercials can attract not only tourists, but also foreign sponsorships and investment. This, in turn, is very beneficial for the economy of the hosting country. Businesses pay a lot of money to show people their product on games and other sport events.

When a place is host of an important sport event is not also good for sponsors is good for every one because it also help local entrepreneurs and international business. For example imagine that the next world cup or Olympics will be on Mexico, there’re billions of people that love this sports and will do anything to follow their loved team or country players, paying a lot to travel and spending on a hotel to sleep, also food and the fact that is in other place most of them would like to eat and taste the local food this help the people that live in the host country and we are not talking about a few people are tons of people. “During the 'mega sport event' millions of people are able to go to the hosting country to watch it. Also they can purchase hotel rooms, meals, drinks, transportation, tickets on the games or matches etc. This means that tourism boosts the expenditure and promotes an increase in retail trade, which is very beneficial for the hosting economy.” Been the host for a mega event is a good way to improve and benefit the economy of the host country and their local population. Nowadays, tourism is the most reliable factor for huge economic growth. As a result, tourism as well as infrastructure development promote job creation, because a lot of markets, hotels, entertainment facilities like night clubs etc. are most likely to be created for the foreign visitors.

To be a great host country for these types of events the host country most has a proper infrastructure and facilities that can provide a good experience not also for the athletes and visitors it most provide it for the local population because a great service start in the people that

serve the food. When a country is a host normally it improve their infrastructure from the stadiums to the local shops like little markets even the streets are improved. But this is also a negative fact because some countries

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