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Sport Management

Define economics and provide an example of how economics relates to the sport industry. Briefly explain what an economic impact study represents.

Your response should be at least 200 words in length.

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Step 1
Economics is the study of the production and consumption of goods and the transfer of wealth to produce and get those goods. It is the study of how people interact in markets and explains why consumers, producers, and governments behave in a particular manner. It is a branch of knowledge that relates to the production, consumption and transfer of wealth ...

Solution Summary

This posting gives you a step-by-step explanation of Sport Management . The response also contains the sources used.