The Role of Economics in Sports :: Economy Papers

"Money makes the world go 'round." Sports could not exist without the presence of money. You have high paid athletes asking for multi-million dollar contacts, while at the same time you have doctors not even making close to that amount. There are corporations buying out sports teams, buying stadiums, and buying everything that has to do with sports. Someone may ask why they do this. Sports are one of the most profitable industries in the world. Everyone wants to get their hand on a piece of the action. Those individuals and industries that spend hundreds of millions of dollars on these sports teams are hoping to make a profit, but it may be an indirect profit. It could be a profit for the sports club, or it could be a promotion for another organization (i.e. Rupert Murdoch, FOX). The economics involved with sports has drastically changed over the last ten years. In the United States, we spend about 13% of all money on sports and entertainment. Sports has obviously done its job; entertained and drained money out of our pockets. A young boy goes up to his mother and says, "Mommy! I want to be a baseball player!" If this was said in 1930, the boy's mother probably would have told the boy, "That's not future for you! You need to get a real job and make good money." If this was said in 1999, the boy's mother probably would have said, "Let's go to the store and buy you a baseball glove so you can start to practice." It is visible to every sports fan that in the past few decades, sports has undergone a whole new renovation. It isn't just an activity that is played for fun. It is a business in which owner and players attempt to coincide. It is a business where TV controls fan interest. It is also a business that affects many people's lives, both monetary and living aspects. There are many aspects that are involved with the economics of sport. Each one having unique qualities that adds to the greatest source of entertainment. Economics is the study of how best to allocate scarce resources throughout an entire market. Economics affect our lives on a daily basis, whether it is on a business level or a personal level.

My Scarf (Sentimental Value) Essay

Anyone has something that they would consider as a sentimental value, mine would be a scarf. Yes, a scarf, and this scarf is really special to me. It’s not like any other scarf you would see on any shelves in any stores. This one is knitted and handmade by me and my grandmother. We made it together a long time ago when I was just six years old. I was always sneaking up on my grandmother when she would sit in her armchair and knit, I was fascinated of how she made it look so easy. And one day I asked her to teach me how to knit, at first I was really frustrated because no matter how hard I tried I couldn’t get it right. My grandmother was laughing and saying to me that no one gets it right the first time and that I needed to be a little more patient and I would get it right. I was watching my grandmother carefully and I was repeating every step after her and little by little with my grandmother’s guidance I finally learned the basics of knitting. After some time I even learned how to make a couple of rows of stitches in a row. One day my grandmother asked me to help her to knit a scarf and so we sat and we started working on it. After a couple of weeks when the scarf was done, I was so proud of myself because not all the girls my age could knit. So the minute it was done my grandma said that I can have it now, that it is mine now, since I was participating in the making of it. I was overwhelmed when she told me that I can have it now. I would actually sleep wrapped in that scarf, would go outside with it, wrap my dolls in it, everything that could a child be possibly doing with it, I’ve done it. And to this day I still have it in my closet and every time I take it out and look at it, it puts a smile on my face, no matter what kind of mood I am in. It always reminds me of my childhood and my kind grandma that taught me how to knit. Bibliography: My personal story

Testimonial Speech - 3785 Words

Testimonial Speech I am delighted to be a part of this gala evening, and especially pleased to have the opportunity to share some of my thoughts and observations about this evenings honoree -- and my good friend, Cliff Kendall. Leader of the year -- certainly the term fits Cliff like a glove. But look around the room. This place is filled with leaders. This is a power lunch, moved to the evening and dressed up in black ties and cocktail dresses. So how, do you suppose, did the Board of Trade choose one from the many deserving of honor for this singular recognition? Why Cliff above all others? Id like to think that I can shed some light on that choice. There are dimensions to Cliff that set him clearly apart from most†¦show more content†¦And just a couple weeks ago, the Washington Post listed CDSI as one of the 50 largest public companies in the greater Washington area, describing it as the grand daddy of information technology services in the area. The baby, it seems, has grown up. Cliff c ontinues to chart CDSIs future today, in his role as chairman of the board, and he continues to regard the people of CDSI as part of his extended family. More important than what Cliff has done at CDSI, though, is how hes done it. Few stereotypes are more pervasive today or -- certainly in Cliffs case -- more unfair than that of the corporate business leader as crass, heartless, adept at taking but incapable of giving. Cliff, in the life he has led and in the model he has established as head of a hugely successful company, gives lie to that stereotype. His approach to corporate leadership is founded on his innate humanity, his basic decency, his involvement with others on a human level. Cliff is living testimony to the thesis that one can do good while doing well. As one of Cliffs close associates puts it, For a guy whos done as much as he has in business, its refreshing to find that he always has time for others. Hes a very special combination of businessman and people man. 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