The cost of the modern Olympics far outweighs the benefits. Argue your position - Essay Example

Initial cost of Vancouver's Bid: The budget of the Bid Corporation for this bid was Can$34 million and of this total amount the Province of British Colu.... Introduction: Since the beginning of the 'Modern' Summer Games in 1896 in Athens Greece, Canada has taken part in every olympics except two.... ontributing Factors: Hosting the olympics in Vancouver and Whistler will affect the economy of the Province of British Columbia.... The problem with the claims is that the government has speculated that Vancouver and Whistler areas would not be visited by the tourists if there were no olympics and the jobs which are created by the Games would not be filled up by the workers and there would be unemployment, which seems to be wrong because there would certainly be large number of tourists and the unemployment rate in Vancouver area is one of the lowest in the...

the cost of education has risen beyond the financial capabilities of most Americans, yet the value of education has remained the same.... hellip; The reason why people argue that costs of a college degree outweigh the benefits is that a good number of college graduates are working jobs that require less expertise than what they possess, or unrelated to their professions (Weiner 5).... The paper "Benefits outweighs the Costs in College" discusses that many people think that one does not necessarily need to go to college to become successful....

Any city that gets the opportunity to host the games is therefore engaged in a multivariate event perspective including cultural, social, economic, and even… From a more economic point of view, the Queen Elizabeth II Olympic Park in London can be remembered as one of the most significant outcomes or gains that the city benefited from at the end of the 2012 Summer olympics and Paralympics.... The reason for this assertion is the School: Topic: olympics PARK TOUR Lecturer: Hosting of the Olympic Games is considered the world's largest sporting event that takes place in a single city....

This assignment describes the key characteristics of the management of the olympics.... Thus, we further limit our population by asking the question “Among these people who are likely to attend this event, or the olympics, who will be ABLE to buy the tickets for this event?... These would include people who are earning a certain amount of money, that they can spare to buy tickets for the olympics.... But having money to spend—those who have the ability to buy, through their purchasing powers—does not necessarily attend the olympics....

But supporters of Olympics argue that the Olympics expenditure is not a wasted one since the money spent on the development of infrastructure for conducting Olympics activities will indirectly improve the living conditions of the people.... In most of the Olympics, America, China, and England like developed countries excel which reflect the growth and development these countries have achieved so far not only in sports and games but it reflects the general developments as well....

hellip; Critics further argue that the funds directly flowing in welfare projects instead of indirectly trickling in via the Games will also ensure that there are no leakages in the process and the entire fund will be utilized for the proposed project only.... Critics further argue that the funds directly flowing in welfare projects instead of indirectly trickling in via the Games will also ensure that there are no leakages in the process and the entire fund will be utilized for the proposed project only....

Some of the sporting infrastructures are underutilized after the Olympics and the cost of maintenance for these facilities is high and puts a strain on the host nation, driving the economic burden of hosting the Olympics into the long-term.... Economists argue that there are better ways for a city to give itself a face-lift if that is what it needs as hosting the Olympics is not a viable economic project.... From the paper "The Impact of Olympic on Host Country" it is clear that hosting the olympics usually has more disadvantages than it does advantages....

This has been done while at the same time providing them with a return on their investments which means the regulators guarantee the consumers benefits while not putting businesses out of business.... This research will begin with the statement that to regulate or not to regulate is a well-debated question and that has been the case for a very long time....