The Economic Impact Of Sports And Its Impact On The World

Decent Essays
Sport is an activity involving physical exertion and skill in which an individual or team competes against another or others for entertainment. Nelson Mandela said sport has the power to change the world, and just like many South Africans who see him as a legend and the great man he is, I believe this statement. Sport is a very beautiful and influential phase of entertainment. More and more people in the world follow sports and even more people benefit from it one way or the other.
Sports can impact many aspects in life. From one person, to a whole nation of people and to the whole world. That is how powerful it is. Through my research I have discovered that there are only two main ways sports can impact a nation. Sports can have an economic and or a social impact on a nation and they could either be positive and or negative influences. I will be
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Some economic impacts/influences can be bad and some can be good, depending on what we look at.
Individual, club and National team success leads to people being hopeful and confident about the future. This optimism encourages people to invest in a lot of sporting merchandise such as soccer boots or team shirts and it will also encourage them to follow a lot more sports and encourage the person or team their supporting to do better and they will want to win more. All of this will stimulate the economy.
Hosting a major sporting event such as a World cup which South Africa did in the year 2010 will also attract many high-profile tourists who will pump extra money into the economy. Many Africans used the world cup as an opportunity to make a lot of money. They sold a lot of sporting merchandise and vuvuzelas where a big hit at the time.
Many people make money because of sports, especially businesses, teams and individual sportsman. South African businesses can use sports to advertise too. Sports is such a large
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