This shift marks the birth of the information economy the western economys

This shift marks the birth of the information economy

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This shift marks the birth of the information economy: the western economy’s transition from material goods to information itself as a primary driver of economic growth. The information economy, much like the economy for material goods, was driven by the logic of mass production Television, radio, tv shows, popular music… By the end of the 1960s, we see ideas of mass customization begin to take hold in magazines, music, and television programming Mass customization is the targeting of niche audiences through the production of media goods. Pepsi generation: late 1950s The 1980s gave way to an era of mergers, acqusitions, and corporate consolidation through the relaxing of antitrust laws This is referred to as the onset of the neoliberal era, defined by the reduced role of government funding and the regulations and the increased role of the private sector. Media consolidation results in fewer… Through the use of the internet and digital technology, media industries have expanded to become the most profitable markets in the world The intensification of this profitability is largely a result of the “convergence culture” we live in and the seemingly infinite channels of revenue it generates Media industries are such a profitable enterprise raises questions about the motives of media producers and their…
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In this essay, I will discuss the social media app Facebook, and how I use the software to efficiently communicate with my friends and family from around the world.
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