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The main hypothesis behind this is the theory of economic rent.
The term ?economic rent' means: ?payment to a factor of production over and above its transfer earnings'. The theory can be applied to any factor of production. With the situation regarding the well-paid footballers-, they are considered ?celebrities' and in the entertainment and sporting industries, fans and followers come from along distance to see a certain person. The supply of the ?certain person' is inelastic. There is fixed supply. Based on the inelasticity of supply, the benefits go to the factor of production-labour in this case...
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