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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] The theoretical foundations of the ...
Third-Party Ownership (TPO) in association football is the ownership of a player's economic rights by third-party sources. The third-party—which can be an agent such as a football agent, an agency, such as a sports-management agency, a company, investors such as a hedge-fund, or a single investor—"takes ownership of all or part of the ...
How Soccer Explains the World: An Unlikely Theory of Globalization (also published as How Football Explains the World: An Unlikely Theory of Globalization[ 1]) is a book written by American journalist Franklin Foer. It is an analysis of the interchange between soccer and the new global economy. The author takes readers on a journey from stadium ...
List of Laws. The Laws of the Game consist of seventeen individual laws, each law containing several rules and directions: [ 4] Law 1: The Field of Play. Law 2: The Ball. Law 3: The Players. Law 4: The Players' Equipment. Law 5: The Referee. Law 6: The Other Match Officials. Law 7: The Duration of the Match.
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Team tactics as well as individual skills are integral for playing association football. In theory, association football is a very simple game, as illustrated by Kevin Keegan 's namely assertion that his tactics for winning a match were to "score more goals than the opposition". Tactical prowess within the sport is nonetheless a craftsmanship ...
In economics, the long-run is a theoretical concept in which all markets are in equilibrium, and all prices and quantities have fully adjusted and are in equilibrium. The long-run contrasts with the short-run, in which there are some constraints and markets are not fully in equilibrium. More specifically, in microeconomics there are no fixed ...
A football is the ball used in the sport of association football. The ball's spherical shape, as well as its size, weight, mass, and material composition, are specified by Law 2 of the Laws of the Game maintained by the International Football Association Board. [ 1] Additional, more stringent standards are specified by FIFA and other big ...