ECONOMICS (CBSE/UGC NET)

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ECONOMICS

PROPERTY RIGHTS

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Sandy is a die-hard fan of a Korean singer. She has bought all the singer’s music albums. Which of the following rights would Sandy have over the music albums?(1) to play the music albums at home(2) to sell the music albums at a higher price to another fan(3) to exchange the music albums for another singer’s music albums with her friend(4) to copy the audio tracks of the music albums and upload them to a social networking site
A
(1) and (4) only
B
(2) and (3) only
C
(1), (2) and (3) only
D
(2), (3) and (4) only
Explanation: 

Detailed explanation-1: -So, in the context of the Grammy Awards, “record” means one song and “album” means the whole collection of songs on a CD or LP. In essence, “record” really just means single.

Detailed explanation-2: -BTS’ Map of the Soul: 7 is the best-selling album of all time in South Korea, with over 5 million copies sold.

Detailed explanation-3: -When LP records were introduced, a collection of pieces or songs on a single record was called an “album"; the word was extended to other recording media such as compact disc, MiniDisc, compact audio cassette, 8-track tape and digital albums as they were introduced.

Detailed explanation-4: -The term ‘album’ was coined when 78rpm record first got released. Originally these popular 10-inch records could only hold about three minutes of audio per side. By the 1930’s record companies started issuing longer works in empty sleeves with a cardboard or paper cover, sometimes called ‘record albums.

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