Manuel Castells Argued That There Was a Change in the Flow

question 72

Essay

Manuel Castells argued that there was a change in the flow of places over time,saying we have gone from "spaces of places" to "spaces of flows." Define these two terms,and provide one example of each.

---

Definitions:

Compounded Quarterly

Related to the calculation of interest which is added to the principal amount at the end of every quarter, or every three months.

Preferred Share

A class of ownership in a corporation with a higher claim on assets and earnings than common stock, often receiving dividends before common shareholders.

Discount Rate

The interest rate that the Federal Reserve charges commercial banks for loans, or a rate used in discounted cash flow analysis to determine the present value of future cash flows.

Compounded Semi-annually

Interest calculation method where the interest is added to the principal twice a year, leading to a growth in the amount at a faster rate than simple interest.