214k views
3 votes
An economist would explain the huge salaries commanded by entertainers and professional athletes as

User Staple
by
8.1k points

1 Answer

4 votes
An economist would view this as supply and demand. A very successful entertainer or athlete could command a high salary because there are few people of their talent and there is a high demand from the public to see them perform. Hence, from such a limited pool they could command a higher price than most of their competition.
User Docwhat
by
8.2k points