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In their study, they created four sites (two rich and two lean) to describe two products (one simple, one complex). They found that most users, regardless of the complexity of the product, preferred the websites that provided richer media. [24] Rich media on websites also has the potential to stimulate action in the physical world.
Media richness varies, according to multiplicity of cues and immediacy of feedback. [2] As Daft and Lengel suggest, face-to-face communication is the best medium for equivocal, or complex, communication between two people, whereas less-rich mediums can be effective so long as the complexity of the information being transferred from one party to ...
The Matthew effect of accumulated advantage, sometimes called the Matthew principle, is the tendency of individuals to accrue social or economic success in proportion to their initial level of popularity, friends, and wealth. It is sometimes summarized by the adage or platitude "the rich get richer and the poor get poorer".
Financial independence — the point at which your investments and assets generate enough income to sustain your lifestyle — is a more accurate marker of wealth than a large salary.
Media economics embodies economic theoretical and practical economic questions specific to media of all types. Of particular concern to media economics are the economic policies and practices of media companies and disciplines including journalism and the news industry, film production, entertainment programs, print, broadcast, mobile communications, Internet, advertising and public relations.
Rich vs. Wealthy: What's the Difference? Here's where things get interesting: being "rich" and "wealthy" aren't quite the same. Rich usually refers to having a high income, which means you can ...
Also called resource cost advantage. The ability of a party (whether an individual, firm, or country) to produce a greater quantity of a good, product, or service than competitors using the same amount of resources. absorption The total demand for all final marketed goods and services by all economic agents resident in an economy, regardless of the origin of the goods and services themselves ...
Created Date: 8/30/2012 4:52:52 PM