Olympic Charter Games are competitions between athletes in individual or team events and not between countries. Article 8: The Olympic symbol consists of five interlocking rings which, from left to right are blue, yellow, black, green and red. This chapter outlines the membership, meetings, and guiding doctrines of the International Olympic Committee (IOC). Chapter 3 discusses the role of International Federations (IFs) in the Olympic movement. IFs are international non-governmental organisations that administer to sports at the world level and encompass organisations administering such sports at the national level. For each sport that is part of the Olympic Games, an International Federation
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,