Need an argumentative essay on The New Economics of the Music Industry. Needs to be 17 pages. Please no plagiarism.
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The technological boom has ushered countless innovations in almost all the sectors in the global economy. These advances have facilitated the spillover of positive and negative externalities in various industries facilitating the emergence of new trends that disrupt and refine the current economic equilibrium.
Along with other sectors, the global music industry had been significantly altered by this technological boom notably, the internet and associated technologies. These innovations have revolutionized the market structure and value chain of the music industry through the alteration of the intermediation processes. These new technologies allowed the faster mobility of goods from the artist to the costumers as other processes in the value chain are eradicated. Aside from these obvious developments, technological changes have many other considerable implications for the music industry. …
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