Super Bowl Games AND THE ECONOMY
Super Bowl Games
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Super Bowl Games
The
super bowl games a positive impact on the economic growth of a country.
This is because such games bring an increase in the market for the
products that are produced in that particular area. During those
particular games there are tourism sector is improved as people come
from different to watch the games. This implies that the GDP would
increase as the consumption in that given place would increase mainly
from the fees that the tourists and the food consumptions. The
advertisements also increase. This shows a growth of the economy.
There
are sprung of the underground economic activities such as gambling and
betting activities. That amount that people have no direct relationship
with the economy as most times there is no control of such activities.
However, the money that comes from such activities increase the amount
of money in circulations. This leads to inflations shifting in. To
control the amount of money in circulation, the government is forced to
cut its spending and also increasing taxation through its fiscal policy.
The Federal Reserve authorities are forced to increase the interest
rates.
In
conclusion the Super bowl games are welcome as they lead to improvement
in the economic however; there should be control of the underground
economic activities.
References
Matheson, Victor A., and Robert A. Baade. "Padding required: Assessing the economic impact of the Super Bowl." European Sport Management Quarterly 6.4 (2006): 353-374.
Weitzer, Ronald. "New Directions in Research on Human Trafficking." The ANNALS of the American Academy of Political and Social Science 653.1 (2014): 6-24.
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