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Question:Explain how and why the genre (Action Comedy) is still popular (if it is) and what external factors contribute to its current situation? I have to consider social, economic and political contexts of the genre. Reasons for any rise and fall in its popularity. I have done the first by why and how genre is popular I just do not undestand what means by social, economic and political context to do with the genre

Answers:
Escapism. When things are tough, i.e. the bad economy, people want to feel good, even if it's only for a few hours. Movies with lots of action and comedy are diversions from reality.
It means "say what social situations, economic conditions, or political circumstances present in society today affect the popularity of Action Comedy."

You first have to decide if it is or is not popular today, and then find reasons in these areas of current life.

Social conditions means ways people live and think and cultural/ethnic/racial factors.

Economic conditions means how people deal with income, prices, interest rates and general issues of prosperity or poverty.

Political circumstances means what is going on in government and party politics; issues people may vote about; things government policy deals with or is influenced by.

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