The Impact of the Internet and Social Media on Society
INTERNET AND SOCIAL NETWORKS
The Internet as a Meta-Medium
The internet is a meta-medium, combining all forms of media. We can watch TV, listen to radio, and read books, all in one place.
Internet in Israel
- 1992: First Israeli website (Hebrew University)
- 1994: Israeli Internet Association established
- 2010: 72% of the public connected
- 2018: 80% of the public connected (6.7 million people)
Global vs. Local Content
People use both local and global websites. The internet allows us to research anything, accessing
Read MoreUnderstanding Marxist Theory: From Feudalism to Communism
Feudalism
Feudal Lord: Owner of the land.
Capitalism
Capitalism: Private ownership of the means of production and labor force. This is the society that Marx and Engels critiqued in their works, analyzing it and reaching the following conclusions:
- This mode of production involves the exploitation of one person by another.
- This situation must be resolved through revolution, establishing a socialist mode of production.
Socialism
Socialism: Collective ownership of the means of production. There is no private
Read MoreCredit Creation by Commercial Banks: Process, Limitations, and Importance
Credit Creation by Commercial Banks
Importance and Functions
Credit creation is a crucial function of commercial banks, constituting a major component of the money supply in an economy. Unlike other financial institutions that merely transfer funds, commercial banks create credit or”bank money” As Professor Sayers aptly stated,”Banks are not merely purveyors of money, but in an important sense, they are the manufacturers of money”
Basis of Credit Money
Credit money is based on bank deposits, which are
Read MoreSun Chips Marketing Strategy: A Case Study Analysis
Porter’s 5 Forces
Barriers to Entry
Barriers to entry are low as Frito-Lay sells a lot of chips in different categories. In any case, they are their own competition. With the creation of Sun Chips, they reduced the sales of other unhealthier chips within their own company.
Seller Power
Seller power is high given that they are entering a new industry, introducing a new healthy option with chips. The fact that they didn’t make it with Prontos in 1974 did not stop them from continuing to pursue their goal.
Read MoreUnderstanding Market Dynamics: Competition, Demand, and Balance of Payments
Balance of Payments
The balance of payments systematically documents all economic transactions between residents of a country and other residents of the world for a specific time period (typically one year).
Structure
Current Account Balance:
- Merchandise Trade (Trade Balance): Imports and exports of goods.
- Services: Tourism, transport, telecommunications, financial services, healthcare, etc.
- Income: Includes income from labor (salaries) and capital (interest).
- Current Transfers: Includes remittances sent
Exchange Rate Risks and Direct Foreign Investment: A Comprehensive Guide
Arguments for and against the Relevance of Exchange Rate Risks
– Exchange rates are highly volatile.
– The dollar value of an MNC’s future payables or receivables in a foreign currency can change significantly in response to exchange rate movements.
- Investor Hedge Argument
- Currency Diversification Argument
- Stakeholder Diversification Argument
Forms of Exchange Rate Exposure
- Transaction exposure: sensitivity of the firm’s contractual transactions in foreign currencies to exchange rate movements.
- Economic