ECONOMIC ASPECTS OF SPORTS AND ENTERTAINMENT
In: International Journal of Social Science and Economic Research, Band 8, Heft 10, S. 3282-3294
ISSN: 2455-8834
The sports and entertainment industries, economic powerhouses, wield substantial global and regional influence. This study delves into the economic dimensions of the sports and entertainment industries, focusing on player salaries, ticket pricing, and the impact of major events like the Olympics or World Cup. Despite the complexities and evolution of these industries, the paper highlights their enduring relevance within economic analysis. It explores three fundamental aspects of these industries: player salaries, ticket pricing, and major events. It considers the historical context, industry-specific pricing strategies, and the economic implications of hosting major events. The paper emphasizes the interconnectedness of these elements in shaping the economic landscape of sports and entertainment, underscoring their pivotal role in influencing global and regional economies