State the merits & demerits of …

Merits of knock-out tournament are: 1) These tournaments are less expensive as they consume less time. 2) This is the fastest way of deciding the winner???. 3) Less number of officials are required. 4) It is the most economical tournament because of less number of matches. Demerits of knock-out tournament are: 1) A good team may get eliminated by chance and does not get another chance to prove its competence. 2) The fixture is drawn purely on lots in knock-out tournament. Due to the fixture, sometimes two strong teams being matched together in early rounds and get eliminated. Sometimes weaker teams get a chance to reach semifinals or final. 3) Players have to play under a lot of stress, being in fear of elimination. 4) Sometimes in this type of tournaments good team eliminated and weak team may come forward.