While economic growth has expanded opportunities and global reach, it has also introduced significant challenges. Issues such as financial inequality, commercialization pressure, governance failures, and sustainability concerns increasingly shape debates surrounding modern sport. Understanding the economics of sport is therefore essential for policymakers, administrators, athletes, and fans alike.
This article examines the economic foundations of sport, erotic exploring revenue generation models, labor markets, financial inequalities, economic impacts on communities, and the long-term sustainability of the global sports industry.