What Is Economic Value Analysis?

Economic value is divided into direct economic value and indirect economic value.

Economic Value

Right!

Economic value is divided into direct economic value and indirect economic value.

Chinese name

Economic Value

Foreign name

EconomicValue

Definition

The meaning of anything to people and society

Weigh

Economic actors from products and services

"Economic value" refers to the economic significance of anything to people and society.

Economic value of the Olympics

The Olympic Games will have a boosting effect on the economy and will promote the UK's economic recovery. At the time when the European debt crisis continued to impact the global economy, the London Olympics could be described as "the right time for the drizzle" for Britain, giving Britain a clear advantage in resisting the impact of the crisis. According to a recent survey released by Thomson Reuters, the vast majority of analysts surveyed believe that the 2012 London Olympics will have a great short-term boost to the British economy, which will increase British GDP growth by 0.3 percentage points.

In the medium and long term, although people have different opinions, the British Prime Minister Cameron has a positive view on this. Cameron once said: "The 2012 London Olympics will bring 13 billion pounds to the British economy in the next four years." He hopes that the London Olympics will recover the full cost. A recent study by Lloyds Bank Group also analysed the impact of the Olympic Games on the British economy.

The report states that from the successful London Olympic bid in 2005 to 2017, the London Olympics will bring Britain 16.5 billion pounds (about 25.7 billion dollars) of economic benefits. The study reports that the Olympics will also bring "happiness effects", improve public sentiment and greatly boost consumer spending. The Goldman Sachs report entitled "Olympics and Economy" predicts that during the 2012 London Olympics, the increase in tourists and the large investments by Olympic organizers will drive British consumption. The British economy is expected to resume growth in the third quarter of this year.

From the perspective of consumer demand, there are also factors that curb the macro effect of the London Olympics. One of the most talked about topics among local residents is how much the transportation network will be disrupted during the Olympics. To ensure smooth business development and normal commuting, most office workers go to work in the morning before the rush hour, and go home at night after the end of the traffic congestion period or at the start of the game.