What is the opportunity cost of hosting of the Olympic Games? Full sentences please. I need...

What is the opportunity cost of hosting of the Olympic Games? Full sentences please. I need this answer ASAP. Thanks in advance.

Expert Solution

Answer : As we know Olympic games are held in any country. It can be hosted by any country and became a chance to attract maximum tourtist and became popular. But cost of holding the games are too much high and hosted country faced high oppournity cost such as :

Forgoing investment oppournity by the government such as government of the host country spend large amount of money to get there country prepared such as improving transportation facilities, maintian old stadium and building new stadium.
Foregoing inconvience faced by the general people.
Foregoing human rights violation. As when we maintian new infrastructure we destroy the houses of the people.
Increasing fear among general public and losing security and peace of the country.
Foregoing misutilisation of land where school and public health facialities has been opened.
Foregoing funds has been utilised for maintianing strong military workforce.

Rahul Sunny answered 1 year ago

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