COMM 2P98 Chapter 9: 2P98C9

• School: Brock University
• Department: Communication Studies
• Course: COMM 2P98
• Professor: R U S S E L L J O H N S T O N

Document Summary

Independently owned radio or television station associated with either a private or public network of stations. Economic term to refer to impediments to overcome to enter a market. Funds invested for the express purpose of generating profits. Outlets organized to product profits for their owners through the sale of content and advertising. Consolidation of ownership of a number of media organizations by relatively few corporations. Company that contains many little companies not necessarily related to each other. Perception of complex phenomena and institutions in terms of their cultural impact and cultural characteristics. Reduction of complex phenomena and institutions to economic characteristics. Group of companies owned by the same company doing the same business. Infant industries new industries seeking to find a foothold in a market. Marketplace generally works in the best interests of society. Costs and benefits of economic activity that are not accounted for. Mechanism or process by which we satisfy our material needs for food, clothing and shelter.