ECON 2420 Lecture Notes - Lecture 8: Sports League, Snowshoe, Monopsony
29 Nov 2017
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Document Summary
Style of the test will be exactly the same as the previous. Covering up to and including monday (the great depression) chapter 17. Overview of sport industry in north america/ canada. Major shifts: in labour, leisure time; rise of professional and commercial classes (roughly the middle class, in transportation and communications, trains, telegraphs, & periodicals to spread the news, urbanization, e. g. Montreal, 1851: shift from rural to urban. Implications for sport: the customers, the product/ service, the markets, customers that have the money and maybe want different things, have bigger urban markets. The organization impetus: ethnic and class based (cid:498)clubs(cid:499, immigrants come and look for people of similar background to reform bonds of community that they had back home and one way they expressed this is through sport, ex. Applied the commercial form to social organizations: officers, boards, dues, i. e. president of club, etc, you need money, a budget. Sport potential as a commercial good/service, and not just social activity.
