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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 ...
The book Performing Arts-The Economic Dilemma by William Baumol and William Bowen, [1] devoted to the economics of the performing arts, is widely regarded as the starting point for contemporary cultural economics, setting out a considerable research programme through a fairly pessimistic analysis of the sustainability of the performing arts.
The creative industries refers to a range of economic activities which are concerned with the generation or exploitation of knowledge and information.They may variously also be referred to as the cultural industries (especially in Europe) [1] or the creative economy, [2] and most recently they have been denominated as the Orange Economy in Latin America and the Caribbean.
With budget cuts and shifting policies surrounding in-school arts education on the forefront of everyone’s mind and seemingly every politician’s political agenda, the importance and necessity ...
Commerce is the organized system of activities, functions, procedures and institutions that directly or indirectly contribute to the smooth, unhindered large-scale distribution and transfer (exchange through buying and selling) of goods and services at the right time, place, quantity, quality and price through various channels among the original producers and the final consumers within local ...
The name "Society for the Encouragement of Arts, Manufactures and Commerce" was adopted, but this rather cumbersome title was fairly soon abbreviated to "The Society of Arts". The organisation grew in its first few years from the original 11 members to about 3,000; ladies became members quite early on, as Shipley had wished. [ 4 ]
Like any other traded good, art has been historically subjected to import duties. For example, in the more enlightened years of the 19th century, art escaped high tariffs in America because the government viewed art as an important cultural good. At other times, though, tariff revenue was considered more important than free intellectual ...
Performing arts – those forms of art that use the artist's own body, face, and presence as a medium. Acting – is an activity in which a story is told by means of its enactment by an actor who adopts a character—in theatre, television, film, radio, or any other medium that makes use of the mimetic mode.