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Essay

high earnings of a footballer

Essay specific features

 

Issue:

Business

 

Written by:

Larry F

 

Date added:

April 10, 2016

 

Level:

University

 

Grade:

A

 

No of pages / words:

4 / 1001

 

Was viewed:

6873 times

 

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Essay content:

The main hypothesis behind this is the theory of economic rent. The term ?economic rent' means: ?payment to a factor of production over and above its transfer earnings'. The theory can be applied to any factor of production. With the situation regarding the well-paid footballers-, they are considered ?celebrities' and in the entertainment and sporting industries, fans and followers come from along distance to see a certain person...
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The theory can be applied to any factor of production. With the situation regarding the well-paid footballers-, they are considered ?celebrities' and in the entertainment and sporting industries, fans and followers come from along distance to see a certain person. The supply of the ?certain person' is inelastic...
displayed 300 characters

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