According to the Text, What Economic Principle Justifies the High

question 68

Essay

According to the text, what economic principle justifies the high salaries of some
Professional athletes?

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Definitions:

Industry

A sector of the economy that involves the production and distribution of goods or services within a specific segment.

Inferiority

Inferiority refers to a feeling of lower rank, value, or quality in comparison to others, often leading to reduced self-esteem.

Autonomy

The capacity and right of individuals to make their own decisions and govern themselves independently.

Initiative

The ability to assess and initiate things independently, often leading to the undertaking of new projects or actions.