use economic theory to explain differences in players salaries across different type of sports,and why overcoming...

use economic theory to explain differences in players salaries across different type of sports,and why overcoming discrimination is important for sports?

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Expert Solution

The difference in players salaries across different type of sports is effectively explained by economic theory of demand , supply , marginal benefit .

In some sports like football we look at the salaries of just the world's best players . They earn tons of money due to scarcity of supply of such players and high marginal benefits from those players . People are ready to buy tickets to such football games even if the tickets cost very high .

So the popularity or demand for a certain sport determines the salary of players . Some sports do not get such lime light and viewer preference . So the players of such sports have lower income .

Overcoming discrimination is important for upliftment of every kind of sport . If a particular sport has no demand at all and also high supply of players , then due to meager salaries such players go out of work or abandon the sport , this can lead to extinction of certain sports . Also it will lead to crowding of players in just a few sports which have high demand .

Rahul Sunny answered 1 year ago

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