CDs Market Change Due to Technology

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CDs Market Change Due to Technology

At the beginning of the twenty first century, there has been a major change in technology that deals with the music industry. CD burners, Napster, and other internet sites that allow free downloading of all types of music has caused the actual CD selling in stores to decrease and the price will increase and if this continues it will affect many businesses and musicians salaries. This type of change is happening all over the world, but the major dispute with how fair or right this type of technology actually is to musicians is occurring mainly in North America and Europe.

In the CD market, the actual affect is on the selling of the music through stores which will then affect the writers and businesses making the CDs. Many teenagers and adults are realizing how much cheaper it actually is to make your own CD then to go to a store and purchase the CD. Many of the businesses that are allowing the free downloading of music and burning the music then to a CD are being sued for unrightfully taking something from someone else without paying for it. However, there are too many ways to find free downloading programs or if there is a charge it still is a lot less expensive to use that program then to buy the CD in a store.

Before this technology came out, the CD market was a great success. Everybody wanted CDs and as you can see in graph A as the population demanded, the CD prices started to increase. The equilibrium stayed the same for...

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