Introduction
Sport is often celebrated as a domain of passion, identity, and competition, yet behind every match, tournament, and league lies a complex economic system. Modern sport has evolved into a global industry worth hundreds of billions of dollars, encompassing broadcasting rights, sponsorships, ticket sales, merchandise, infrastructure development, and athlete labor markets. The economics of sport profoundly influences how competitions are organized, how teams are built, and how success is sustained.
Financial power has become a decisive factor in competitive balance, organizational stability, and global reach. While economic erotic growth has expanded opportunities and professionalized sport, it has also introduced inequalities, ethical dilemmas, and structural challenges. Understanding the economic foundations of sport is therefore essential to comprehending its modern dynamics.
This article explores the economic dimensions of sport, examining revenue models, labor markets, financial regulation, inequality, and the long-term sustainability of the global sports industry.