Why are there five Olympic rings?
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The five rings on the flag represent the inhabited continents of the world (the Americas were considered as one continent and Europe was treated as distinct from Asia). It was made to contain the colours (blue, black, red, yellow, and green) which are common to almost all flags around the world.
The five-coloured rings represent the five inhabited continents of the world. These are- Africa, the Americas, Asia, Europe and Oceania. The rings symbolise the union of the five continents, the participation of the athletes at these Games and express the activity of the Olympic movement.