Every year, there are various sports competitions organize by different countries. Economists, leaders, and celebrities often debate if these events brought positive or negative developments for the countries. This essay agrees that it is one of the crucial factors to contribute to an individual nation's economy, and the following paragraphs will clearly articulate both sides of the arguments.
On the one hand, organizing international competitions: Olympics, commonwealth games, etc. , boost the countries' economic growth. While holding sporting events in any country, it is unlikely to invite millions of audiences to watch their favorite sports players on the ground. Hence, people are ready to buy expensive tickets to get a lifetime experience. For example, in 2010, thousands of people bought expensive tickets to witness the world cup, and India benefitted from the money collected from sporting events. Therefore, these events are advantageous for the emerging market economy of sovereign nations.
On the contrary, countries invest money in the maintenance and development of these places. Which can use in other developing areas such as education, transportation, etc. . If the respective building is demolished due to poor construction, it wastes millions of dollars of government income. Take a perfect example of commonwealth games, which held in India, and because of the lack of concern towards constructed material, the building diminished, left losses of one crore million dollars. Therefore, officials should pay high attention and take various considerations into account while organizing sporting events.
To recapitulate, sports always have been one of the most crucial interests of people and each country could have several benefits by supporting and inviting players to their countries. However, organizations and governments should carefully analyze the essential factors to get maximum advantages from these events.
Every year, there are various sports competitions organize by
different
countries
. Economists, leaders, and celebrities
often
debate if these
events
brought
positive
or
negative
developments for the
countries
. This essay
agrees
that it is one of the crucial factors to contribute to an individual nation's economy, and the following paragraphs will
clearly
articulate both sides of the arguments.
On the one hand, organizing international competitions: Olympics, commonwealth games, etc.
,
boost the countries' economic growth. While holding sporting
events
in any
country
, it is unlikely to invite millions of audiences to
watch
their favorite sports players on the ground.
Hence
,
people
are ready to
buy
expensive tickets to
get
a lifetime experience.
For example
, in 2010, thousands of
people
bought
expensive tickets to witness the world cup, and India
benefitted
from the money collected from sporting
events
.
Therefore
, these
events
are advantageous for the emerging market economy of sovereign nations.
On the contrary
,
countries
invest money in the maintenance and development of these places. Which can
use
in other developing areas such as education, transportation, etc.
.
If the respective building
is demolished
due to poor construction, it wastes millions of dollars of
government
income. Take a perfect example of commonwealth games, which held in India, and
because
of the lack of concern towards constructed material, the building diminished,
left
losses of one crore
million
dollars.
Therefore
, officials should pay high attention and take various considerations into account while organizing sporting
events
.
To recapitulate, sports always have been one of the most crucial interests of
people
and each
country
could have several benefits by supporting and inviting players to their
countries
.
However
, organizations and
governments
should
carefully
analyze the essential factors to
get
maximum advantages from these
events
.