Wednesday, 21 May 2008
Week 11 - Does the music industry create the market?
If there was no music industry there would be noone to create the market as there wouldn't be any music, but if the consumer did not exist then there would be no reason to have music. Both the industry and the market need each other to exist and survive. Yet, one can argue that consumers create the market more, rather than the music industry as, if the music does not sell, then the industry changes and adapts to the demand. For example, when the industry created boybands the market wanted more, so the industry grew to meet demand. But as boybands became less popular the industry again adapted to this suggesting that it is in fact the consumers that dominate and create the market, moreso than the industry.
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2 comments:
I really can't agree with your assertions that without a recording industry there would be no music and that there is no point in music without consumers. I do however agree that a relationship between industry and consumer is central to the development of a market.
Your posts are largely well written and contain some interesting points. However, you do make some confusing points which I think are a lack of proof reading rather than understanding, for example when you state that "If there was no music industry there would be noone to create the market as there wouldn't be any music" which is rather naive.
DOB
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