Money Well Spent?The professed(prenominal) sports manufacture is one of the warm growing industries in the United States. In 2005, Street & deoxyadenosine monophosphate unit; Smith?s Sports Business Journal estimated the sports transaction manufacture to be $213 billion. Most of this figure is made up of passe-partout sports, with a small kernel of the opus access 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 assert that the U.S. in general is devoting too much time and notes to this Brobdingnagian industry. To support this, we butt joint examine the typography 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 silv er that is spent on sports in the U.S. A major reason for these huge rime is the consumer. Spectator spending just 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 cheer from consuming it. The demand for master sports is staggering. For example, the Green Bay Packers agree a waiting call for season tickets that exceeds 60,000 (Glickman). Since the demand is so large, owners are willing to put forward mo! re professional sports for the fans to consume. The result has been an amazing amount of professional teams in our country. The quatern large leagues (NFL, NHL, NBA, and MLB) consist of 122 teams. If you want to get a all-embracing essay, order it on our website:
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