Soccer or Shocker Economics!
During an economics class, a student was asked, “Why is Cristiano Ronaldo paid very high in comparison to a civil or private serviceman”? This question stunned that particular student along with the whole class. The answer to the question was the shorter span of earning as a sportsman. Besides that, the sportsman carries the huge pressure of the representation of the people of the country and also carries the name of the country along. Let’s say, in a way, because the burden taken is higher, the returns are higher. This is the Football World Cup season and to the expectation of many people, the world cup economy is definitely interesting to deal with. The general expectation during the world cup is that the investment opportunities increase. For an instance, the expectations during the Brazil World Cup is that investments would be R$ 29.60 billion whereas operating and visitors’ expenses would be R$ 1.18 billion and R$ 5.94 billion respectively. The national production of go...