Significance of research on relationship between factor endowment and sports industry development

Factor endowment is one of the bases for a country or district to develop its economy. Based on the methods of documentation,logical analysis and investigation,the author studied the significance of (research) on the relationships between factor endowment and sports industry development. The result showed that the study of the relationships between factor endowment and sports industry development,and the proposal of the development strategy of western sports industry based on the status and qualities of (various) factors and the effects of the factor endowment structure upon sports industry development,were of great theoretical and practical significance,which enriched the theoretical system of sports industrial economy,ensured that factor endowment was one of the important bases to establish the development strategy of western sports industry,and helped to improve the condition of factor endowment.