Making Money from Music

http://www.breadalbane.pkc.sch.uk

KEY ECONOMIC PRINCIPLES I’M ADDRESSING: The economic principle I will explore is people gain when they trade voluntarily and people generally respond to incentives in predictable ways.

OVERALL RESEARCH QUESTION: "How can a musician be successful?"

SUB QUESTIONS

• "What incentive is there for people to buy music legally?"
• "does society value larger amounts of simple music or smaller amounts of good music?"
• “Is the high demand for music for music decreasing the quality?”
• “How do musicians make money if people illegally buy it?”

RESOURCES FOR RESEARCH:

• NPR
• Smithsonian