Hong Kong Asian Orchestra Case Study
SECTION A Q1
Hong Kong Philharmonic Orchestra is formerly a Sino-British Orchestra, which was established in 1895. To determine whether the perfect competition can be applied to HK Phil, there are several factors need to be considered.
First of all, there is infinite number of orchestras (regardless small or big ones) can perform the pieces of Beethoven in the world, which has no barriers to enter or exit the market, as long as the orchestra knows how to perform Beethoven’s compositions. For example, even in Hong Kong, there are eight orchestras already. On the contrary, for example in U.S., there are approximately 1,200 of symphony orchestras.
Secondly, given that it is a world tour concert, Hong Kong Philharmonic Orchestra does not have
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The consequence of commit this crime may be fined up to HK$50,000 and sent to sentence for three months. The prohibition of bringing any video-tapping equipment is believed to prevent people to record the movies and resell at a price cheaper than the ticket price of watching films at cinema because these illegal videos is the substitute (perhaps not completely perfect and equivalent) of real movies. Some people may simply download the films from the internet and watch it online. As a result, the demand of admiring films at cinemas decreased dramatically, hence profit is reduced. So, why such policy is established? What are the economic effects to certain …show more content…
To enhance the cultural and artistic atmosphere in Hong Kong, HKSAR has established a West Kowloon Cultural District, which is located at the waterfront of the west of Yau Ma Tei. Up to now, the WKCD has become the largest-scaled cultural hub in this international city, apart from the Hong Kong Cultural Centre and Hong Kong Academy of Performing Arts. Currently, only the waterfront park has been built. Aiming at relaxing and entertaining, it is a place full of a wide variety of green trees, flowers and sculptures. In addition, its design embodies the idea of M+, which is a type of visual concept of a museum to be opened in 2017. It is proved that the things we see and experience can stimulate our innovations and helps to construct insights. Embraced by a great comfortable and relaxing environment, people can be brainstormed to be a lot more creative, hence boosting our productivity. Therefore, the Park will averagely contribute to the cultural industry of Hong Kong as it can be visited by anybody, regardless of age, class and
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