Sunday, September 19, 2010

Why does economics drive most media companies?

The world we live in today revolves around money. Everything we do usually has something to do with money. We always want to earn more. When the economy is doing well consumers are more likely to go out and spend money on the things they are producing or advertising. When there is a poor economy consumers will not spend their money on things that are not necessary which might be considered different types of media. Media relies on a good economy. Also, when there is a good economy companies are able to grow and capitalize on profits. They are not only able to easily sell what they are currently producing but they are able to research new products and produce those as well to earn even more profit.

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