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Research Paper | Law | India | Volume 13 Issue 2, February 2024 | Rating: 5.4 / 10
Sports Economics: Unveiling the Financial Dynamics of the Sporting World
Nidhi Gupta [2] | Dr Karan Singh
Abstract: The field of Sports Economics, a distinct subset of economics, serves as a pivotal framework for analyzing the multifaceted relationship between sports and the economy. Originating with Simon Rottenbergs seminal work in 1956, this discipline has evolved to address a broad spectrum of economic phenomena within the sporting domain. The paper explores the genesis and development of sports economics, emphasizing its impact on global economies and societies. It scrutinizes the economic dimensions of sports, including revenue generation, job creation, infrastructure development, and the influence of broadcasting and media rights. Furthermore, the paper delves into the social and cultural dynamics of sports, examining the intersection of sports achievements with national economic trends, the transformative role of sports in empowering marginalized communities, and the challenges and opportunities within the sports economic landscape. By offering insights into the economic implications of sports, from grassroots activities to global mega-events, this paper underscores the significance of sports economics in understanding and shaping contemporary economic strategies and policies.
Keywords: Sports Economics, Economic Impact, Revenue Generation, Infrastructure Development, Competitive Balance
Edition: Volume 13 Issue 2, February 2024,
Pages: 824 - 828