Olympic Game Problem
The Olympic Game is the most important meet for sports. Every country wants to hold the Olympic Game. In 2008, China will hold the important meet. The government plan the budget for preparing the Olympic Game is less than 200million dollars. But is the money enough for preparing?
For the 2004, Athens Greece held the Olympic Game, the planed to cost 600million dollars, but in fact they used 870million dollars. Based on above, you can see the budget for China 2008 Olympic Game is 1/3 for the 2004 Olympic game. It’s not enough for preparing.
The money will use in building the stadium, the safety and the traffic for prepare in China Olympic Game. The country want to hold the Olympic game, they want to get the profit from the Game. So there is a question which the country should consider. It is how much money they should use, then they can get as more profit as they can. They should not only budget the cost for preparing, but they need to budget the revenue they can get. That’s the economic mind for thinking problem.
1 comment:
In pondering the amount of money and time that goes into planning an event such as the Olympic games, one wonder just how benifitial it is to host such an event. It would be interesting to find out exactly how much opportunity cost goes into the games. How many laborers are commissioned to prepare for the olympics and what production is lost because of the shift in labor. In addtion, just how much profit goes to a country for holding this event.
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