The sports industry encompasses all businesses and activities related to sports, including professional and amateur competitions, sports teams, and athletic events. It involves various sectors such as sports marketing, sports management, and sports media, which work together to promote and support athletes and teams. Additionally, the industry includes the production and sale of sports equipment, apparel, and merchandise. Major events like the Olympics and World Cup generate significant revenue through ticket sales, sponsorships, and broadcasting rights, making the sports industry a vital part of the global economy.