Olympic Games profits from the Olympic symbols. The IOC also takes a percentage of all sponsorship and broadcast income. Host cities continue to compete ardently for the right to host the Games, even though there is no certainty that they will earn back their investments. Research has shown that trade is around 30 percent higher for countries that have hosted the Olympics. The Olympic Movement uses symbols to represent the ideals embodied in the Olympic Charter. The Olympic symbol, better known as the Olympic rings, consists of five intertwined rings and represents the unity of the five inhabited continents (Africa, America, Asia,
Youth Olympic Games Youth Olympic Games The Youth Olympic Games (YOG) is an international multi-sport event organized by the International Olympic Committee. The games are held every four years in staggered summer and winter events consistent with the current Olympic Games format, though in reverse order with Winter Games held in leap years instead of Summer Games. The first summer version was held in Singapore from 14 to 26 August 2010 while the first winter version was held in Innsbruck, Austria from 13 to 22 January 2012. The age limitation of the athletes is 14 to 18. The idea of such an event