London made history by becoming the first city to host the modern Olympic Games three times (1908, 1948 and XXXXXXXXXXThe commercial benefits were clearly welcomed by the UK construction industry with...

London made history by becoming the first city to host the modern Olympic Games three times (1908, 1948 and 2012). The commercial benefits were clearly welcomed by the UK construction industry with around half a million new jobs to the industry in preparation for the global sporting event. Transport for London also funded numerous improvements in preparation for 2012, including expansion of railway networks and the introduction of Britain's first 'bullet (high-speed rail) trains.

1. Use examples to distinguish between revenue expenditure and capital expenditure




2. Examine the benefits to various stakeholders of the Olympic Games being held in Lond