Why does economics drive most media companies?

Economics is defined as the social science that analyzes the production, distribution, and consumption of goods and services. The main reason that economics drives most media companies is competition. All media companies have a competitor. They are both fighting to be the better company and in turn make more money. Competition drives all media companies. If one company's price of a product is higher than their competitors then the consumers will most likely purchase the cheaper product. This will force the company to lower its price to match its competitor, or maybe even make it lower than their competitors. This is a prime example of how economics drives media companies. Economics not only drives most media companies but also most things in the U.S. The science of supply and demand is essentially what economics is. As the demand becomes higher for a media companies product the supply must increase as well. If not then the company will lose its customers. This is why most media companies are driven by economics.