Introduction
The element of economic concentration includes the number of firms within the economy and the exact shares of the production. The total production shares might consist of the full capacity and or the entire revenue within a specific market. Various aspects have influenced the economic concentration in the Hollywood movie industry. Therefore, the paper encapsulates how different factors have changed the subject of economic concentration when it comes to the Hollywood movie industry.
How the economic concentration in the Hollywood movie industry was influenced by competition and pricing.
The world film industry has been improving for the last fortyyears. According to,,,,,,,,,,,,,,Hollywood movie industry shows the sound projection for the next fifty coming years. The idea is that we have aspects such as competition and prices that make the field healthy all the time. The competition level has improved the quality of the films in the Hollywood movie industry. The element of competition is defined as the rivalry among the film producers to obtain the anticipated profits.
On the other hand, competition has influenced the economic concentration in the Hollywood movie industry by quoting the market price. We have some of the commonly watched movies and other related films in the Hollywood movie industry. Through this analogy, it has become easy for the Hollywood movie industry to meet the demand. This is evident in the popular movies watched globally, thus enhancing the subject of economic concentration.
Besides, the increased number of film producers has affected the prices of movies, thus influencing the Hollywood movie industry. The quality of the movies has impacted the prices. The demand is high in the Hollywood movie industry. This shows that producers have improved the quality of the films, thus affecting pricing, which in return hasinfluenced the economic concentration.
How the economic concentration in the Hollywood movie industry influenced the supply chain.
The primary role of the supply chain in the economy is to ensure products and services can be accessed by the consumers effectively and efficiently. Considering the case of the Hollywood movie industry supply chain has influenced the economic concentration in various ways. ,,,,,,,,,,,,,, shows that there are a couple of TV programs that air movies and other related content. This makes it easy for consumers to access Hollywood related services easily. On the other hand, aspects such as streaming options from Hulu, service providers, and Netflix have enhanced the issue of the supply chain. We have service providers such as Comcast that allow Hollywood related content to be viewed at any time by the consumers in the marketplace. Through this analogy, it has become easy for the Hollywood movie industry supply chain to enhance the subject of economic concentration. Also, aspects such as theatres, shows, and storage devices have improved the overall supply chain in the Hollywood movie industry. By doing all these, it has become easy to enhance the economic concentration in the marketplace.
Four factors of production were the most and least important in determining the economic concentration of the Hollywood movie industry.
Factors of production play a vital role in the field of manufacturing. The analogy is that elements of the production help sector such Hollywood movie industry to attain the anticipated goals.
Considering the case of this paper, I have selected three primary factors of production to support how my arguments influence economic concentration. The significant factors are capital, entrepreneurship, andlabor.These are the only fundamental elements that gear production in the Hollywood movie sector. The analogy is that money is crucial in the production process of the films. The more the capital, the higher the quality of the Hollywood movies services and vice versa. Besides, labor is also paramount in the film industry. For example, theelement of labor affects the supply chain in the film industry. Moreover, the subject of entrepreneurship determines the topics of pricing and competition, thus influencing economic concentration.
The least important factor of production considered in this case is the land. The Hollywood movie industry does not need the element of land so much.
Changes anticipatedin the Hollywood movie industry.
There are a couple of challenges affecting economic concentration in the Hollywood movie industry. Therefore, based on these elements some of the changes anticipated include;
Increased demand for the female-based Hollywood movies. ,,,,,,,,,,,,,, cites how there is a high demand for the female-based film in the world. More female based movies are expected in the future. In the US, the audience ratio for the movie in cinema halls is 50:50. This shows that most of the Hollywood movies aim at women, as shown below.
Secondly, there will be a decline and re-focusing on the micro-budget filmmaking.
The idea is that for the last twenty years, shooting Hollywood movies was very problematic and expensive. In the future, it is anticipated thatfilmmakerswill be getting support from donors and other financial institutions. For example, in UK, technologies have reduced the micro-budget incurred in the shooting of the movies as shown below;
Conclusion
Therefore, to sum up, various aspects influence economic concentration differently. The supply chain in the Hollywood movies industry has enhanced the element of efficiency. Besides, competition and pricing have affected the market price as well as the quality of services offered by the Hollywood movies sector. The factors of production support the idea of economic concentration in the film sector. Lastly, there are a couple of changes expected in the Hollywood movie industry.