ABSTRACT
When studying cultural economics, it is important to understand what a cultural product is. People widely see cultural products as cultural arts. What cultural economics sets out to examine is not the production process of cultural products or arts. For example, a novelist authors a novel. A composer creates a song or an opera. A painter creates a painting or copies expert painters. Things like the environment, time spent, and labour requirements do not fall within the scope of cultural economics. This field of economics is also not concerned with the evaluation of cultural arts or whether people trade them. What cultural economics sets out to examine is the nature of cultural products introduced to the market. This is something researchers and government departments are concerned about.
