From Sociopsychology of Music to Music Economics: The Evolution of Sound and Business The field of Sociopsychology of Music explores how social structures, cultural norms, and psychological factors influence musical behavior. Globalization and technology have significantly transformed the music industry, the discipline has naturally expanded into Music Economics, which examines the financial and market-driven aspects of music production, distribution, and consumption. Music is a force that influences our emotions, connects communities, and drives economies. Music moves from personal taste to global business. Countries like South Korea and Nigeria have recently harnessed music's power, turning K-Pop and Afrobeats into significant cultural exports, in a bid to diversify their economy. Music is now an export shaping global trends and cultural influence (Towse, 2020). Nigeria’s Afrobeats is now a billion-dollar industry, with Nigerian artists achieving remarkable influence and affluence on the global stage. Integrating music business, entrepreneurship, economics, and technology into music education empowers students to thrive in the evolving music industry. — Joseph Adeleye, FMNES #Musiceconomics #Culturalinfluence #Globalmusic #Economicpolicy #musicenterpreneurship #musictechnology #musiceducation What role does music play in your daily life or industry? Share your thoughts below!