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Q&A: How is todays economy affecting the music industry?

Question by Choklit Junkie: How is todays economy affecting the music industry?
I am doing a project for my business class about the music industry in todays economy. Can anybody fill me in and/or send some links? Thanks.

Best answer:

Answer by the long shot
Downward economies push family units or individuals to cut spending. The first items to go are luxury items. Music would be a luxury since it does not satisfy the food, shelter, clothing, or transportation needs of daily life.

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