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Film has been used as a tool to illustrate economic principles, and numerous academic and popular works explore its potential in teaching economics. By embedding economic ideas into storytelling, films reveal the pervasive nature of economic principles and their relevance to everyday life, illustrating the connections between theoretical ...
The bulk of post-production consists of the film editor reviewing the footage with the director and assembling the film out of selected takes. The production sound (dialogue) is also edited; music tracks and songs are composed and recorded if a film is intended to have a score; sound effects are designed and recorded.
Media economics embodies economic theoretical and practical economic questions specific to media of all types. Of particular concern to media economics are the economic policies and practices of media companies and disciplines including journalism and the news industry, film production, entertainment programs, print, broadcast, mobile communications, Internet, advertising and public relations.
In economics, factors of production, resources, or inputs are what is used in the production process to produce output—that is, goods and services. The utilised amounts of the various inputs determine the quantity of output according to the relationship called the production function .
The earlier term for the discipline was "political economy", but since the late 19th century, it has commonly been called "economics". [22] The term is ultimately derived from Ancient Greek οἰκονομία (oikonomia) which is a term for the "way (nomos) to run a household (oikos)", or in other words the know-how of an οἰκονομικός (oikonomikos), or "household or homestead manager".
Film studies as an academic discipline emerged in the 20th century, decades after the invention of motion pictures.Rather than focusing on the technical aspects of film production, film studies are concentrated on film theory, which approaches film critically as an art, and the writing of film historiography.
In an economy, production, consumption and exchange are carried out by three basic economic units: the firm, the household, and the government. Firms Firms make production decisions. These include what goods to produce, how these goods are to be produced and what prices to charge.
Hence, pricing is an important element in the real-world application of production economics. Should the pricing be too high, the production of the product is simply unviable. There is also a strong link between pricing and consumption, with this influencing the overall production scale. [12] [13]