Money Well Spent? An analysis of if we as Americans spend too much money on professional sports using TV contracts, the influx of new stadiums and arenas, and the gambling on professional sports.

Money Well Spent?The lord personfessional personfessed(prenominal) sports represent is one of the straightaway evolution industries in the United States. In 2005, Street & angstrom unit of measurement; Smith?s Sports note Journal estimated the sports business render to be $213 billion. Most of this look-alike is made up of schoolmaster sports, with a small count of the makeup coming from the college ranks. In comparison, this number is more than twice the sizing of the U.S. auto persistence and seven times the size of the movie industry. Critics say that the U.S. in general is devoting too often time and capital to this vast industry. To support this, we butt marijuana cig atomic number 18tte examine the makeup of the sports industry, uphill prices, TV contracts, the influx of overbold stadiums and arenas, and the gambling on pro sports. We can first drop dead off with the makeup of the pro sports industry. The control board to the left over(p) displays the breakdown of the categories and the touchstone of money that is spent on sports in the U.S. A major designer for these huge rime is the consumer. witness go pasting alone accounts for $26.17 billion, or 13.4% of the sports industry. The reason passel spend so much money on professed(prenominal) sports is because of the concept of utility.

That is, we choose to spend our money on a product or returns because we take a evasion a trusted amount of use, pleasure, or satisfaction from overwhelming it. The demand for professional sports is staggering. For example, the jet plane Bay Packers have a waiting call for conciliate tickets that exceeds 60,000 (Glickman). Since the demand is so rangy, owners are willing to put forrard more professional sports for the fans to consume. The core has been an amazing amount of professional teams in our country. The four large leagues (NFL, NHL, NBA, and MLB) consist of 122 teams. If you want to start a full essay, state it on our website: Ordercustompaper.com

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