FYU 006-0: Demonstrating the Impact of Sports on the UK Economy

This essay demonstrates the significant impact of the World of Sports on the UK economy, highlighting its contribution to revenue generation, tourism, and employment opportunities. The essay emphasizes how sports events and tournaments promote values like fairness, respect, and discipline, enhancing connectivity among people and fostering a positive environment. It further discusses how increased participation in sports boosts self-confidence and promotes health through physical and mental exercise. By examining the role of sports in creating employment, attracting international events, and facilitating business growth in sectors like accommodation and hospitality, the essay illustrates the multifaceted benefits of sports to the UK's economic growth and development. The analysis is supported by academic sources, providing a comprehensive overview of the World of Sports' positive influence on the UK economy.

Demonstrate the impact of World of Sports upon UK economy
The World of sports is basically referred to the aggregate of Sports activities and events
organised in the economic nations in order to carry out tournaments and contests. For instance,
the world of sports in UK separately contributes a large amount of revenue capital of an
approximate value of £40 billion. The large and wide area of World of Sport encompasses
various different events and activities organised in order to promote the values of sports
contributed towards society and economy. Athletes as well as administration representatives
engaged in carrying out these sports events and tournaments are aimed at promoting values of
sports including fairness, respect, discipline, equality, etc. Moreover, the sports encourages
individuals towards learning and challenging their personal skills and abilities. Furthermore,
participation of players in these organised sports events results in enhancing connectivity among
people in society. Therefore, it contributes additional values towards society and economy of
economic nations (Di Marco, 2021).
The increasing participation of individuals in sports events is influenced with the value of
boosting self-confidence, learning additional skills, promoting respect and connectivity, etc. In
order to be precise, it further result in developing a positive environment with spread of positive
and upright values among people in society (Desbordes, Aymar, and Hautbois, 2019). Sports
events and tournaments organised at international level promotes Unity among participating
nations in these sports events. Another major factor influencing the world of sports lies in
creating employment opportunities in carrying out these sports events on a national and
international platform. Furthermore, active participation in these sports activities promotes health
factor among people with physical and mental exercise of individuals engaged in the same. The
World of Sports have recognised various leaders or role models with upright skills and abilities
which represents a country or a community in that particular sports event. Therefore, individuals
in society are tend towards participation in sports activities in order to acquire these values
contributed through sports (Hawzen, and et. al., 2018).
The increasing participation of people in society in sports activities has been influencing
the increase in organising these sports events and tournaments. In addition to that, the revenue
generated from these large as well as small scale sports events contributes a major part of overall
revenue in that particular economic nation. Moreover, it has further led to increase in tourism by
organising these sports events upon international level with invitation to players from different

economic nations. For instance, people in society enjoys these sports events with maximum level
of competition as well as participants from all around the world which contributes additional
revenue to that particular economic nation. Furthermore, business organisations engaged in
serving Accommodation, Food & Beverages, Lodging, and other hospitality services are
facilitated with increase in overall sales of their products and services. Therefore, these sports
events organised upon national as well as international levels further contribute various
additional values towards growth and development in that particular economic nation (Wan, and
Song, 2019).

REFERENCES
Books and Journals
Desbordes, M., Aymar, P. and Hautbois, C., 2019. The global sport economy.
Di Marco, A., 2021. Sports Economy and Fight against Corruption: Which Limits to the Sporting
Organisations Autonomy?. European Business Law Review, 32(5).
Hawzen, and et. al., 2018. Cruel optimism in sport management: Fans, affective labor, and the
political economy of internships in the sport industry. Journal of Sport and Social
Issues, 42(3), pp.184-204.
Wan, S. K. and Song, H., 2019. Economic impact assessment of mega-events in the United
Kingdom and Brazil. Journal of Hospitality & Tourism Research, 43(7), pp.1044-1067.