Money Well Spent?The professed(prenominal) sports manufacture is one of the in a flash growing industries in the United States. In 2005, Street & amp unit; Smith?s Sports Business Journal estimated the sports chore manufacture to be $213 billion. Most of this figure is made up of passe-partout sports, with a small sum total of the organisation coming from the college ranks. In comparison, this number is more than twice the size of the U.S. cable car industry and seven times the size of the movie industry. Critics arrange that the U.S. in general is devoting too much time and capital to this Brobdingnagian industry. To support this, we butt joint examine the constitution of the sports industry, rising prices, TV contracts, the influx of new stadiums and arenas, and the gambling on pro sports. We can first start off with the makeup of the pro sports industry. The control board to the left displays the breakdown of the categories and the amount of notes that is spent on sports in the U.S. A major(ip) reason for these huge rime is the consumer. Spectator spending totally 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 service because we take a leak a trusted amount of use, pleasure, or gladness from consuming it. The demand for original sports is staggering. For example, the Green Bay Packers confirm a waiting call for season tickets that exceeds 60,000 (Glickman). Since the demand is so large, owners are willing to put forward! more professional sports for the fans to consume. The result has been an amazing amount of professional teams in our country. The quaternion large leagues (NFL, NHL, NBA, and MLB) consist of 122 teams. If you want to get a replete(p) essay, order it on our website:
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