Economics and sports industry in India

Abstract

This paper will begin by listing the important concepts that will be covered. It should review these concepts after reading the paper to insure that the important concepts are understood. The continuing monopoly status granted to professional sports leagues allows them to violate laws that other industries cannot. Several landmark court rulings have allowed this status to continue. The labor market is more restricted in most professional sports leagues than is the case in other industries. A brief summary of the economic issues that sports leagues face is given. These issues pertain mostly to labor markets, broadcasting rights and the level of competitiveness in the industry.