The Accumulation of Various Types of Mass Communication (Radio, Television

question 10

Multiple Choice

The accumulation of various types of mass communication (radio, television, newspapers, Internet, etc.) into one medium is called

• A) technological convergence.
• B) organizational convergence.
• C) inherent convergence.
• D) media convergence.

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Definitions:

Invisible Hand

A concept introduced by Adam Smith to describe how individuals’ self-interested actions can lead to positive social and economic outcomes for the community as a whole.

Self-Interest

An individual’s actions and decisions motivated by personal gain or benefit.

Public Interest

Denotes the well-being of the general public and the consideration of what is beneficial for society as a whole.

Economic Profits

Profits exceeding the opportunity costs of all inputs, indicating a return beyond the norm expected in the market or industry.