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Economy



I would like to investigate about economy of the Olympic Games. The Olympic Games were held in London this year. Various institutions are needed for holding the Olympic Games. Not to mention a stadium, the athletes' dormitories which a player passes are also needed. Immense money is needed also for holding the Olympic Games in one's country. However, many economic effects are expected. Many tourists come from various countries. Foreign people not only come to see a game, but do the sightseeing of the country.


First of all, I would like to write about tourists. By the end of 2017, tourist business will produce the 2 billion-pound gross domestic product. 3% of them is an effect after 48% closing, while 49% holds, before Olympic Games holding and. It is expected that about 10 million people visit London for the purpose of watching the Olympic Games games, and 12% of them is a tourist from overseas. It is expected that about 10,800,000 persons who will visit England in relation to the Olympic Games by 2017 increase in number. Those who dislike crowded London and visit other domestic districts are also likely to increase in number. It is not only a major company that obtains a profit on Olympic Games-related business. According to the London Olympic Organizing Committee, 72% of the companies which signed LOCOG and a contract are small and medium-sized enterprises. Moreover, according to two or more investigations, when a big event is held, a "feeling of happiness" is produced into the people of a host country. An investigation report is carried out [ that such a feeling of happiness may lead to consumption, and ], and supposes that the present of at least 165 pounds per one people may be given.


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Secondly, I would like to write about the further economic effect that a convention produces.
There are about 3000 former jobless persons in the person employed for the Olympic Games institution construction. In the residence of the budget prices of around 3000 houses, after a closing is made in an Olympics village. This raises neighboring residents' living standard, and also it is said that it may lead to "an improvement of health condition, reduction of medical expenses, and decline in a crime rate." Building athletic facilities considering an environmental side, probably, the method of not only game management but Olympic Games holding of the British style planned and performed to the method of utilizing after an end during the holding is worth spreading in the world as one business model and one of the city planning. An unfathomable economic effect may be produced by having increased the strong point of Britain again.