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Explain the Ways in Which New Media (Internet, Blogs, Podcasts)

question 53

Essay

Explain the ways in which new media (Internet, blogs, podcasts) are used in campaigns.


Definitions:

Marginal Cost

The increment in cost due to the manufacture of an additional product or service unit.

Price Elasticity

A concept related to elasticity of demand, specifically measuring how much the quantity demanded of a good responds to changes in its price.

Marginal Cost

The expenditure associated with creating a subsequent unit of a product or service.

Subsidy

A financial contribution or support given by a government or institution to lower the price of a good or service, often intended to encourage production or consumption, reduce costs, or support industries.

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