
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN: 9780190931919
Author: NEWNAN
Publisher: Oxford University Press
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Hamelink identifies three economic sectors of global communication: the infrastructure (satellites, cables, networks) the services (ISPS, mobile, etc.) and the content (music, film, tv, advertising, streaming platforms, etc.)
Specifically describe why the infrastructure sector so important. Provide examples
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- I do not fully agree that companies exist entirely in their own right or are unequivocally the most important organizations in the world. While companies are legally distinct entities that can own assets, make decisions and be held accountable, they are still comprised of and directed by individuals. At their core, companies only exist as a means to coordinate economic activity among people. There are reasonable arguments that companies play a hugely influential economic and social role globally. However, I would hesitate to say they are unambiguously more important than organizations like governments, non-profits or international institutions that are focused on issues like human rights, health, education and environmental protection. Companies operate to generate profit and shareholder value, which does not always align with the broader interests of society. Therefore, other organizations are still needed to regulate markets and address challenges that private industry may not…arrow_forwardQuestion 9: Doctrow uses the following terms to describe; People who make creative works A Audiences B Intermediaries C Creators D Investorsarrow_forwardWhat is technological diffusion? Describe the two models of technological diffusion. Which of these models do you think is accurate in describing the global and social digital divide, and why?arrow_forward
- Which of the following statements concerning location economies is FALSE? Explain Why? 1. Companies must determine where to sell and where to produce. 2.The Internet is an industry where companies must locate facilities near their foreign customers, so decisions on market and production location are connected. (difficult, page 382) 3.Companies may have excess production capacity already in place that will influence their ability to serve markets in different countries. 4. The process of determining an overall geographic strategy must be flexible because country conditions changearrow_forwardhow different economic systems and different social norms can create very different business and social incentives. Note that there are a lot of different things to consider here, but just as an example, just consider how an economic system characterized by respect for property would have a fundamentally different incentives for production and trade than one which automatically assumes that all resources are common property.arrow_forwardAre intergovernmental organizations important? If so, in what ways? If not, then provideyour justifications.arrow_forward
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