What is the global implication of the event
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Answers
Answer:
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Explanation:
Core impacts – these primarily comprise of expenditure generated by international spectators attending the Formula-e event and includes tickets and hospitality and entertainment expenditure on race days.
Other direct impacts – these primarily comprise expenditure generated by all spectators and visitors on accommodation, food/drink, transport and other discretionary expenditure as well as investment in infrastructure.
Indirect and induced impacts – these are ‘multiplier effects’ flowing from direct impacts as these expenditures become recycled through the local Los Angeles economy. The primary components are indirect impacts achieved largely by businesses spending on suppliers and induced impacts, such as recipients reinvesting money within the local economy.
Ardi Kolah is the author of “Global opportunities for sports marketing, infrastructure & consultancy services to 2022,” published by IMR Publications and has conducted several major EIA for clients around the world.