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Economics of the arts and literature or cultural economics (used below for convenience) is a branch of economics that studies the economics of creation, distribution, and the consumption of works of art, literature and similar creative and/or cultural products. For a long time, the concept of the "arts" were confined to visual arts (e.g ...
Also called resource cost advantage. The ability of a party (whether an individual, firm, or country) to produce a greater quantity of a good, product, or service than competitors using the same amount of resources. absorption The total demand for all final marketed goods and services by all economic agents resident in an economy, regardless of the origin of the goods and services themselves ...
British literature is from the United Kingdom of Great Britain and Northern Ireland, the Isle of Man, and the Channel Islands. This article covers British literature in the English language . Anglo-Saxon ( Old English ) literature is included, and there is some discussion of Latin and Anglo-Norman literature, where literature in these languages ...
The original edition had 15,000 words and each successive edition has been larger, [3] with the most recent edition (the eighth) containing 443,000 words. [6] The book is updated regularly and each edition is heralded as a gauge to contemporary terms; but each edition keeps true to the original classifications established by Roget. [2]
Also apophthegm. A terse, pithy saying, akin to a proverb, maxim, or aphorism. aposiopesis A rhetorical device in which speech is broken off abruptly and the sentence is left unfinished. apostrophe A figure of speech in which a speaker breaks off from addressing the audience (e.g., in a play) and directs speech to a third party such as an opposing litigant or some other individual, sometimes ...
Great attention is also expected to be paid to secondary sources of income, for example through the possibility of renting out premises for non-art events. Similarly, these museums are more inclined to organize exhibitions that attract large numbers of visitors, using well-known works accompanied by a rich didactic apparatus.
The earlier term for the discipline was "political economy", but since the late 19th century, it has commonly been called "economics". [22] The term is ultimately derived from Ancient Greek οἰκονομία (oikonomia) which is a term for the "way (nomos) to run a household (oikos)", or in other words the know-how of an οἰκονομικός (oikonomikos), or "household or homestead manager".
The works of English playwright William Shakespeare are considered by many to be among the highest achievements in Western art. Artistic merit is the artistic quality or value of any given work of art, music, film, literature, sculpture or painting.