In popular culture, formula fiction is literature in which the storylines and plots have been reused to the extent that the are predictable. It is similar to genre fiction, which identifies a number of specific settings that are frequently reused. The label of formula fiction is used in literary criticism as a mild pejorative to imply lack of originality.
Formula fiction is often stereotypically associated with early pulp magazine markets, though some works published in that medium, such as "The Cold Equations", subvert the supposed expectations of the common narrative formula of that time.
For any given genre, certain assumed background information covers the nature and purpose of predictable elements of the story, such as the appearance of European dragon and wizards in high fantasy, warp drives and in science fiction, or at high noon in Western movie. These are taken as conventional in the genre and do not need to be explained anew to the reader, they may be included implicitly as part of the genre's formula, but they do not constitute the plot structure that makes a story formulaic.
Note however that stereotypical elements can also easily be treated subversively, to contradict some of the expectations inherent in the genre's formula.
Though pastiche may naturally include formulaic elements, the same holds true of parody and satire. All may well include formulaic elements such as common or , or which may use formulaic elements in order to mock them or point out their supposedly cliché or unrealistic natures.
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