Media and information promoting economic opportunities.pptx

media and information promoting economic opportunities

1. Media and information promoting economic opportunities Group 3: Magayon , Flord Ric Meran , Earl Shalom Gonzales, Jhon Lourence Francisco, Jelbert Ivan

2. INTRODUCTION The media industry has grown in number in today’s information age both in content and in the workforce. The open content contribution nature of new media has made it possible for ordinary individuals to offer their materials for consumption often for free or at times for a cost. Typically, online content is free but has gained popularity, advertisers will offer to buy digital ad space on a wewb page. Even YouTube, a free video host, pays video contributors if their videos get enough views or if their channels have a high or not, media and information give contributors a platform for earning additional income.

3. How does media help improve economy?

4. I. Spread Information

5. I. Spread Information The media can expose corruption. They can keep a check on public policy by throwing a spotlight on government action . They let people voice diverse opinions on governance and reform, and help build public consensus to bring about change. Such media help markets work better. They can facilitate trade, transmitting ideas and innovation across boundaries .

6. II. Advertisements

7. Advertising Is a Major Industry Advertising supports the core principles that shaped our nation: free speech, competition, and democracy. Since colonial times, advertising has provided a source of vital information about our open, market-based economy . It causes an economic chain reaction that (A) generates a net gain in direct sales and jobs due to the promotion of the industries’ products and services, (B) generates indirect sales and jobs among the first level suppliers to the industries that incur the advertising expenditures , and (C) generates indirect sales and jobs among all other levels of economic activity as the sales ripple throughout the economy.

8. III. Online Job Applications

9. III. Online Job Applications Online recruitment is the process of hiring individuals who were first chosen online. It is now commonplace, with the majority of job seekers in the US engaging in some form of online job search activity. The range of the online middlemen that connect employers and candidates and enable online recruitment varies. They range from (‘Job board’ or ‘Job search engines’) which facilitate searching by posting information about employees or job openings, to (‘Online labor markets’) which do both by facilitating communication between employers and candidates online. A subset of online labour markets also provides an infrastructure that allows for online management of the work process and payment systems.

10. What is The Importance of Media in Economy?

11. Importance of Media in Economy The main relationship between media and economic development lies in  the function of the media as a source for the dissemination of information regarding political reforms and policies aimed at economic development . In order to achieve economic development, there has to be a concerted level of coordination between the government and the citizens, rather than one of conflict arising from misunderstanding.

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