logo

Economic Effect Of Common Wealth Games On Gold Coast

10 Pages2110 Words290 Views
   

Kent Institute Australia Pty. Ltd

   

BECO107 Business Economics (BECO107)

   

Added on  2019-11-08

Economic Effect Of Common Wealth Games On Gold Coast

   

Kent Institute Australia Pty. Ltd

   

BECO107 Business Economics (BECO107)

   Added on 2019-11-08

ShareRelated Documents
Running head; BUSINESS ECONOMICSBUSINESS ECONOMICSName of the StudentName of the UniversityAuthors Note
Economic Effect Of Common Wealth Games On Gold Coast_1
1BUSINESS ECONOMICSTable of ContentsIntroduction......................................................................................................................................2Gold Coast 2018 event.....................................................................................................................2Micro and Macroeconomic environment effect on the GOLDOC activities in the Australianeconomy...........................................................................................................................................3Economic benefit of benefitting Gold Coast...................................................................................3Economic cost incurred by Gold Coast...........................................................................................5Analyzing whether benefit outweigh cost.......................................................................................6Conclusion.......................................................................................................................................7References........................................................................................................................................8
Economic Effect Of Common Wealth Games On Gold Coast_2
2BUSINESS ECONOMICSIntroductionThe aim of this report is to recognize the economic cost as well as benefit of Gold Coasthosting the Commonwealth Game in 2018. The Goal Coast Commonwealth Games in 2018(GC2018) is asserted to be one of the biggest sporting event in Australia in the year 2018. Thisstudy elucidates on how the microeconomic and macroeconomic environment influences onvarious business activities in the Australian economy. These two environmental factors influencethe decision-making and activities of the organizations. However, these internal as well asexternal factors affect the performance of the business. The study also discuses on whether thebenefits outweigh the cost of the business. Gold Coast 2018 eventGold Coast 2018 is also known as XXI Commonwealth Games is a multi-sport event thatis going to be held between 4th to 15th April 2018. This international sport event will be stagedin this nation for 11 incredible days. It will be for the fifth time that Australia will stage thisevent in this decade. More than 71 countries and territories and 6500 athletes will participateacross 17 various sports events. (Popescu 2013) The office of Commonwealth Games (OCG)leads the program that embraces 2018 in maximizing the benefits of legacy from hosting thisgame. They work with other agencies that include federal government in order to deliver securityarrangement and infrastructure for this game. The Federal Government of this nation willprovide financial support to gold coast 2018. In addition, the commonwealth Games Federation(CGF) takes the responsibility in directing and controlling the games. The department of tourism, major events , small business and the Commonwealth Games (DTESB) will also coordinate
Economic Effect Of Common Wealth Games On Gold Coast_3

End of preview

Want to access all the pages? Upload your documents or become a member.

Related Documents
BECO107 Business Economics | Report
|12
|2322
|42

Commonwealth Games 2018: Impact on Tourism and Hospitality Industry of Australia
|14
|1455
|442

Commonwealth Games Gold Coast 2018: Mega International Multi-Sport Event
|5
|503
|61

Commonwealth Games 2018 : Assignment
|8
|2047
|275

Economics Applied In Business | Commonwealth Games
|6
|1975
|32

HAT301 - Event Brief Assignment
|6
|1436
|88