ELI5: Explain Like I'm 5

Cultural economics

Cultural economics is the study of how people use money and resources to build, maintain, and enjoy their culture. This could include things like what kind of music people listen to, what kind of movies they watch, and what kind of food they eat. It also means looking at how much people spend on things like art, books, and entertainment. In other words, it's about how money and resources are used to create an environment that people enjoy, value, and appreciate.