The Approach That Situates the Media in Relation to Issues

question 1

Multiple Choice

The approach that situates the media in relation to issues of power and wealth is known as:

• A) political economy
• B) the web society
• C) the network society
• D) the information explosion
• E) economic determinism

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Definitions:

Imperfect Information

The absence of full knowledge concerning product characteristics, available prices, and so on.

Peer Lending

A financial transaction in which individuals lend money to each other directly, often facilitated by an online platform, bypassing traditional financial intermediaries.

Savings Deposits

Accounts in financial institutions that allow individuals to deposit money and earn interest over time.

Import Substitution

An industrial trade strategy that favors developing local industries that can manufacture goods to replace imports.