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Sports economics is a discipline of economics focused on its relationship to sports. It covers both the ways in which economists can study the distinctive institutions of sports, and the ways in which sports can allow economists to research many topics, including discrimination and antitrust law . [ 1 ]
Sport management is the field of business dealing with sports and recreation. [1] Sports management involves any combination of skills that correspond with planning, organizing, directing, controlling, budgeting, leading, or evaluating of any organization or business within the sports field. [2]
Sport industry is an industry in which people, activities, business, and organizations are involved in producing, facilitating, promoting, or organizing any activity, experience, or business enterprise focused on sports.
Study of the history of sport can teach lessons about social changes and about the nature of sport itself, as sport seems involved in the development of basic human skills (compare play). [ citation needed ] As one delves further back in history, dwindling evidence makes theories of the origins and purposes of sport more and more difficult to ...
The closest to an international agreement on a definition is provided by the Global Association of International Sports Federations (GAISF), which is the association for all the largest international sports federations (including association football, athletics, cycling, tennis, equestrian sports, and more), and is therefore the de facto ...
The entertainment industry (informally known as show business or show biz) is part of the tertiary sector of the economy and includes many sub-industries devoted to entertainment. However, the term is often used in the mass media to describe the mass media companies that control the distribution and manufacture of mass media entertainment.
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Another possibility was that sports economics is defined by the application of price or decision theory. For example, a study that examines sport using incentives and objective functions or tries to understand, explain, or predict choices in a sport context is sports economics.