Professional footballers gain higher wages from their talents
Read the article Professional footballers are able to appropriate the rents from their scarce talent (you can do this in the window below or follow the previous link to read the article in a separate window) and then consider answers to the questions below.
Define the terms:
- Performance related pay.
Explain the factors that determine the level of wage rates in an industry.
Evaluate the impact of financial reward packages on sport's performance, motivation and productivity.