CHARACTERISTICS OF CREATIVE INDUSTRY OR CULTURAL INDUSTRY.

Jackson Aneth BAPRM 42565.

Characteristics of creative industries.

According to Caves (2000), creative industries are characterized by seven economic properties:

1.Nobody knows principle, Demand uncertainty exists because the consumers' reaction to a product are neither known beforehand, nor easily understood afterward.

2.Art for art’s sake, Workers care about originality, technical professional skill, harmony, etc. of creative goods and are willing to settle for lower wages than offered by 'humdrum' jobs.

3.Motley crew principle, For relatively complex creative products e.g., films, the production requires diversely skilled inputs. Each skilled input must be present and perform at some minimum level to produce a valuable outcome.

4.Infinite variety, Products are differentiated by quality and uniqueness, each product is a distinct combination of inputs leading to infinite variety options e.g.works of creative writing, whether poetry, novel, screenplays or otherwise.

5.A list/B list, Skills are vertically differentiated. Artists are ranked on their skills, originality, and proficiency in creative processes and/or products. Small differences in skills and talent may yield huge differences in (financial) success.

6.Time flies, When coordinating complex projects with diversely skilled inputs, time is of the essence.

7.Arts longa, Some creative products have durability aspects that invoke copyrightprotection, allowing a creator or performer to collect rents.

The properties described by Caves have been criticized for being too rigid (Towse, 2000). Not all creative workers are purely driven by 'Art for art's sake. The arts longa property also holds for certain noncreative products licensed products.The time flies' property also holds for large construction projects.

 Creative industries are therefore not unique, but they score generally higher on these properties relative to non creative industries.

Difference from the 'cultural industries.

There is often a question about the boundaries between creative industries and the similar term of cultural industries. Cultural industries are best described as an adjunct sector of the creative industries.

Cultural industries include industries that focus oncultural tourism and heritage, museums and libraries, sports and outdoor activities, and a variety of way of life activities that arguably range from local pet shows to a host ofhobbyist concerns.

Thus cultural industries are more concerned about delivering other kinds of value including cultural wealth and social wealth rather than primarily providing monetary value.