Early Whiff of October for Yankees and Phillies, Article Review Example

Source: http://www.nytimes.com/2012/03/04/sports/baseball/yankees-beat-phillies-in-first-of-six-spring-meetings.html?ref=sports

 Summary

The world is in awe to find the two best baseball teams play against each other for the spring season. The players from both teams (Yankees and Phillies) have much high expectations from themselves and from the members of the other team. Relatively, it could be realized that this exciting event shall again mark the history of baseball and is expected to push the sales of tickets in a sky-rocketing result. Notably, this is assumed to result to good profit for the producers whether the teams involved in the game win or lose. Alongside the tickets, the franchise of other company endorsements by the team members is also expected to increase further.

Economic Analysis

The Classical theory specifically insists on the capability of the economy to regulate itself; a matter that is believed by the producers of the game that is being represented in the article. Understandably, both the spectators and the creators of the game expect that the event itself would be able to develop into a more refined and distinctive occasion that shall mark the history of modern baseball.

In a way, the Keynesian theory could also be applied in this article as it defines a more structured return of cost of expenses through the responding result of sales from the public. Notably, it is expected that as high as the expenses are in promoting the game, all these costs shall be return given that spectators expect so much from this event hence has an interest that would push them to buy tickets to the game.

Personal Reflection

 The economy of baseball as a sport in the United States and even around the globe specifically provides a high percentage of GDP’s growth in the countries where it is recognized. Relatively, this article caught my interest due to the fact that it does represent how much sport events influences the larger facet of national economy. Most often than not, sporting issues and occasions such as this one is recognized not only nationwide but worldwide as well. Not only would the producers themselves benefit from the event but also media operators who would cover the occasion as well as other product franchise sellers that have dedicated items to the game and the team members involved are expected to gain high profit from the game.