I've heard "folk-like," "folk-derived," "faux folk" and several other unfortunate labels which attempt to separate composed or popular music from traditional music as defined by the innumerably mentioned "1954 definition." I'm content to go with the old sixties mantra, "different strokes for different folks," and let it go at that.

Looking at the argument from an economic point of view, what is the "utility" of resolving this issue? Artistic arguments almost never end anyway.