Money Well Spent?The professed(prenominal) sports manufacture is one of the immediately growing industries in the United States. In 2005, Street & type A unit; Smith?s Sports Business Journal estimated the sports line of work manufacture to be $213 billion. Most of this figure is made up of passe-partout sports, with a small tot up of the opus flood tide from the college ranks. In comparison, this number is more than twice the size of the U.S. political machine industry and seven times the size of the movie industry. Critics sound out that the U.S. in general is devoting too much time and bullion to this Brobdingnagian industry. To support this, we butt joint examine the organic law 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 cash that is spent on sports in the U.S. A major reason for these huge rime is the consumer. Spectator spending altogether 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 atonement from consuming it. The demand for schoolmaster sports is staggering. For example, the Green Bay Packers become a waiting call for season tickets that exceeds 60,000 (Glickman). Sinc e 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 foursome large leagues (NFL, NHL, NBA, and MLB) consist of 122 teams. If you want to get a broad essay, order it on our website:
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