The means of production are the resources and tools that make it possible for products and services to get created. By the time of early industrial society, the means of production included the machinery and raw materials in a factory.
3.) To have a reasonable cost range if you are licensing music for background and compilation video. Based on the data provided, background music can be as high as $500 to as low as $250 dollars.For example in YouLicense, the overall licensing fee can range starting from $20 to $150.These are reasonable price range for licensing indie music projects. If you are distributing and selling your video, you also need some mechanical license. Learn more about this in what is a mechanical license agreement.or example in YouLicense, the overall licensing fee can range starting from $20 to $150. These are reasonable price range for licensing indie music projects. If you are distributing and selling your video, you also need some mechanical license. Learn more about this in what is a mechanical license agreement.
Guess Inc.âs revenues from licensing amount to 115 mn US$, Here, the cost of licensing is 10% of licensing revenues, or a profit margin of 90%. In this case however, the licensorâs average costs per license amount to 650.000 US$ per year, or 65 times the amount of Everlast.