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Music and the economyMusic has had a great impact on the economy today. This is based on the fact that the role of music has been appreciated a lot today as compared to the past. Many people have resulted to taking up music as a profession with many studying music production. The industry has grown and it has employed very many people both directly and indirectly. For instance, people such as dancers are also earning good income.
Many musicians have earned a lot of millions of dollars through music. This is evident when you consider big names such as Michael Jackson, Whitney Houston among a myriad of many others. Most of these musicians have risen to fame only to come crashing down when they are not able to keep up with the pace. It is very essential to point out the fact that the musicians need to keep them selves tuned to the demands in the market so as to ensure that their names and music do not become obsolete. Music also touches on the economy in other ways. One such way is in the advertising industry. Music has been used a lot in commercials which have played a big role in enticing the new customers. Music has also been used in movies as sound tracks. The effect of music in the economy is without a shadow of a doubt very effective and thus this industry should be appreciated and given the recognition and the attention it deserves. Music continuous to be an industry that has got very many avenues of exploitation. Musicians are now benefiting at much higher levels as compared to the past when the market was not controlled and too much piracy was eminent.
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