Economic Analysis Paper The Professional Sports Industry Essay

Economic Analysis Paper The Professional Sports Industry - Essay Example Growth of public significance of modern sports (mainly big-time sports) allows to consider the sports as a complecated process. Sports as a separate and self-developing phenomenon has not yet become an object of â€Å"classical† sports theory researching. Professionalism of sports at last quater of XX century has got the general character and now it is considered like a natural process. The events and people’s activity in professional sports attracts much attention of population of any country. Sports influences all spheres of life such as economics, poticy and culture. And touches many ethical problems of nowadays environment. It is considered that professional and big-time sports increases the state prestige, peace consolidation, and even popular sports. It is difficult to tell about the health problems which many sportsmen have. It is a fact that most of the sportsmen have serious deseases. Full-time trainings (especially for women and children), off-centred methods which include dopes and stimulators, various injuries, contests and fightings for the first place – all these things hurt morally and physically greatly. It is not a secret that very often a criminal cases take place in the professional sports industry. The sports economy has got important quantative and qualitative changes lately. The new technologies of market are in use now and the interaction looks in such a way – sports – fan, and sports – customer. The instruments and methods of management and marketing are actively used now. Along with the perfection and stirring up of the traditional instruments of influence on people (such as cost policy, advertising and quality) new trends got the impulse to development, the promotion of which became possible only with the help of Internet. A new virtual system of â€Å"new economics† began to develop. This system includes a complex of branches and groups of innovation economical activity. In structure of virtual economics of sports the