World Quest Section 4

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42 Terms

1
Global Recession
A significant decline in economic activity across the globe, leading to higher unemployment and lower profits.
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2
World Bank
An international financial institution that predicts economic trends and provides financial advice.
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3
Eras Tour
Taylor Swift's record-breaking music tour, known for generating over $1 billion in ticket sales.
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4
Multiplier Effect
The economic phenomenon where spending in one area leads to increased economic benefits in other sectors.
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5
Expansionary Fiscal Policy
Government policy aimed at stimulating the economy through increased spending and reduced taxation.
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6
Creative Economy
An economy based on the production and distribution of creative goods and services.
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7
Prosumption
The blending of production and consumption where consumers also act as creators of content.
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8
Regional Mexican Music
A genre of music gaining global popularity, characterized by its blend of traditional Mexican sounds with contemporary styles.
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9
K-Pop
A genre of popular music originating from South Korea, known for its wide global appeal and strong fan base.
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10
Afrobeats
A contemporary music genre from West Africa characterized by its rhythmic sound and fusion of various musical styles.
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11
Despacito
A global hit song by Luis Fonsi and Daddy Yankee that redefined the perception of Spanish-language music.
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12
Soft Power
The ability to influence other countries through cultural or ideological means rather than military force.
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13
Streaming Revolution
The dramatic shift in the music industry towards online streaming services as the primary platform for music consumption.
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14

Economic Activity

The actions that involve the production, distribution, and consumption of goods and services.

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15

Unemployment Rate

The percentage of the labor force that is jobless and actively seeking employment.

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16

Financial Advice

Guidance provided to individuals or organizations to help manage their finances.

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17

Ticket Sales Generation

The process by which sales of tickets contribute significantly to an artist's revenue.

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18

Economic Benefits

The positive impacts on the economy resulting from increased spending and investment.

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19

Government Stimulus

Financial aid provided by the government to encourage consumer spending and economic growth.

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20

Creative Goods and Services

Products or assets that are created from creative activities, often with cultural or artistic value.

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21

Content Creators

Individuals or teams responsible for producing and sharing content across various platforms.

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22

Popularity of Regional Music

The rise of traditional music genres in the global market, influencing trends and cultural exchanges.

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23

Global Music Appeal

The widespread admiration and enjoyment of music genres beyond their countries of origin.

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24

Rhythmic Sound in Music

The characteristic beats and patterns found in various musical genres that enhance their appeal.

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25

Cultural Influence

The capacity of a culture to shape and affect other cultures through values, beliefs, and practices.

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26

Music Consumption Platforms

Different channels, such as online streaming services, where music is accessed and consumed by users.

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27

Fiscal Policy

Government spending and tax policies used to influence economic conditions.

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28

Cultural Exchange

The process by which different cultures share and learn from each other.

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29

Music Festivals

Events that showcase multiple artists and genres, often attracting diverse audiences.

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30

Social Media Influence

The impact of social media platforms on public perception and trends in various sectors.

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31

Digital Music Distribution

The delivery of music through digital platforms, enhancing accessibility and reach.

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32

Economic Downturn

A period of negative economic growth, often resulting in higher unemployment and lower consumer spending.

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33

Globalization of Music

The spread of music genres across borders, leading to their worldwide recognition and appreciation.

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34

Sustainable Economy

An economic system that supports long-term ecological balance and resource conservation.

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35

Brand Collaborations

Partnerships between brands and artists to enhance marketing and reach new audiences.

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36

Viral Trends

Phenomena that gain rapid popularity on social media, often impacting music and culture.

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37

Independent Artists

Musicians and creators who produce and distribute their work without major label support.

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38

Interactive Music Experiences

Events or activities that engage audiences directly, often using technology to enhance participation.

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39

Consumer Behavior

The decision-making processes and actions of individuals regarding the purchase of goods and services.

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40

Cross-Genre Collaboration

When artists from different musical genres come together to create new works.

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41

Streaming Analytics

Data analysis related to user engagement and consumption patterns in music streaming services.

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42

Cultural Identity Through Music

The way music reflects and shapes the identity of cultures and communities.

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