Answer:
The music industry has shifted from a Markup/Peak market cycle to a Distribution/Contraction cycle market
Explanation:
There are four phases in the market cycle.
1. Accumulation or Expansion
2. Markup or Peak
3. Distribution or Contraction
4. Markdown
- Accumulation occurs as a result of economic growth in the market
- Markup or Peak occurs when the buying pressure reaches it highest level.
- Distribution or Contraction occurs when there is weakening in the market, that is, weakening of the market but not total collapse.
- Markdown occurs when the market has sung down to the lowest possible point, that is when there is total collapse of the market.
The market has a cycle that rotates round like a cycle. The moves from Accumulation to Markup then to the Contraction cycle then to Markdown market cycle.
From the scenario given, the music industry was at the Markup cycle market during the time when the music industry could sign multi-year contracts with artists and sell copyright protected music through establish distribution channels.
However, the music industry experienced the Distribution or Contraction market cycle when there was a decline in the number of Compact Disc sold as a result of a shift to digital format and rise of internet technology which allowed sharing of music over a peer-to-peer network without visiting the music shops to buy Compact Disc from recognized distributors.
Prior to the ratification of the Fourteenth Amendment to the Constitution of the United States, The Bill of Rights ( the first 10 Amendments to the Constitution) only applied to the Federal government. This meant that states were not obliged to adopt the Amendments and the laws that came as a result of them.
After the Civil War ended, the Fourteenth Amendment was created and ratified, the Bill of Rights was now applicable not only to federal courts but also to state ones. This meant that citizens were now more protected, as federal and states obligations are the same in most cases.
<span>According to a study in household in UK, black Caribbean men were found to more likely share the housework equally with their female partners. They were also found to have more egalitarian attitudes towards gender roles. In fact, white men were found to be worst in terms of household helpers. </span>
