1. The economic effect of the Olympic Games is divided into three levels:

(1) Direct economic effect:

The direct economic effect refers to the revenue obtained by the organizing committee of the host country of the Olympic Games on the basis of the investment in the Olympic facilities, Olympic safety, Olympic environment and Olympic services, which include corporate sponsorship, These revenues include corporate sponsorships, income from the sale of television broadcasting rights, ticket revenues, and income from the sale of various types of Olympic souvenirs.

(2) Indirect economic effect:

The indirect economic effect refers to the growth of related industries driven by the physical investment in the Olympic Games in the process of bidding, organizing, hosting and holding the Olympic Games. The indirect economic effect formed by the Olympic economy in the secondary industry is mainly manifested in the construction industry, manufacturing industry and electricity, gas and water supply industry. In the tertiary industry, the strong demand during the Olympic Games will greatly promote the rapid growth of tourism and catering industry, meanwhile, the education industry, financial industry, insurance industry, real estate industry, media industry, logistics industry, and transportation industry will all experience different degrees of prosperity due to the Olympic Games.

(3) Derivative economic effect:

Derivative economic effect refers to the collection of profound impacts on economic and social society through the holding of Olympic Games. Derivative economic effects are realized through the improvement of the infrastructure of the host country and the host city, the enhancement of city functions and city image, the expansion of opening up to the outside world, the improvement of the quality of the nationals, and the continuous development of the sports, culture and tourism industries.

If the direct and indirect economic effects are cyclical, the derivative economic effects are long-term and strategic.