Modern international sports events are big business for as well as influencing the political, economical, and other cultural aspects of countries around the world.
Apart from a break for the war, the Nordic competitions continued, at first between Finland, Norway and Sweden, with Denmark joining in at a later stage.
[3] Modern international sports events are big business for as well as influencing the political, economical, and other cultural aspects of countries around the world.
[citation needed] With the first Olympic Games in 776 BCE—which included events such as foot and chariot races, wrestling, jumping, and discus and javelin throwing—the Ancient Greeks introduced formal sports to the world.
[6] The Games have also had significant negative effects on host communities; for example, the Centre on Housing Rights and Evictions reports that the Olympics displaced more than two million people over two decades, often disproportionately affecting disadvantaged groups.
Another possibility was that sports economics is defined by the application of price or decision theory.
The first Olympic Games of the modern era were held in 1896, only 9 disciplines were present and 241 athletes but only men.