IMPACT OF SPORTS IN ECONOMY

IMPACT OF SPORTS IN ECONOMY

Sports since past has been one of the significant activity in the society and world as large. This has been attributed by the fact that sports are good and interesting and thus everybody can join to play since they are easy to learn. In the recent, there has been a great trend whereby both government and private sector are investing relative huge amount of funds to the sports. The most convincing reason behind it is the economic impacts and contribution of sports toward the economy of the nations. The following are some of the economic impacts of sports are as follows.

IMPACT OF SPORTS IN ECONOMY

IMPACT OF SPORTS IN ECONOMY
IMPACT OF SPORTS IN ECONOMY

Sports have led to development of infrastructures in the country. Most countries has developed their infrastructure like sports field, stadiums, and roads to link the fields to enhance transportation of people. In case a nation is given a chance to host international games like Olympics, world cup, there are a lot of developments since many people visit the country. A lot of house for rentals have been erected to cater for accommodation of this people and this means people will earn income which they use later to invest in other projects, save or even construct other buildings. When citizen earn income the government will tax them thus obtain funds to finance other projects hence raise the level of  national income leading to high per capital which is measure of economic development.

Secondly sports have led to attraction of tourist in the nation. Most people are fans of sports and in case we host an international games many tourist come to the nation, they visit some parts of our country like national parks, ocean beaches and this makes the country to earn extra income. This tourist as they go back to their country they may have seen some investment opportunities in our nation and once they invest the government will tax them for any income they generate from their operation within the nation. Also sports has been used as mirror e.g. There are some countries which are known for some games like Kenya for athletics, Brazil for soccer games and this makes a nation to have pride because of its members. By that it brings a good reputation to the nation and this can boost for tourist sector and also attract for foreign direct investments.

Development of Sports in Economy

Sports have led to exchange of new technologies, cultural values and this has caused a lot of development in our nation. Many people have got their life partner in sports and some of this people are great and wealth. This makes it possible for people with great expertise to move from one nation to another and thus make nation to enjoy the benefit of new technology in one way or another. For instance when a Kenyan man marries a European nurse, this woman will bring his medical skills to our nation and this will improve the welfare of people.

In addition sports have created job opportunity too many young people. Most players of the sports are employed by their clubs in the nation and hence they can earn an income. Also the investment like stadiums needs to be managed by gardeners, security officials and this makes them to earn a living at the end of day. When there big sport events in the nation many hawkers and new one emerge to take advantage of this opportunity and most get income to expand their already existing businesses.

As I conclude sports are good and they have a lot of impact in our economy and that is reason I will advise the government to invest a lot of funds to sports. This will open the nation to outsiders and thus it can boost our exports, create jobs for young people and in general it will help the nation to boost its economy and thus eradicate poverty.

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