ENGL108D Chapter Notes - Chapter 8: Knowledge Economy, Digital Goods
25 Dec 2016
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Economic activity: making things, providing services, and buying/selling at global level. Knowledge economy must invest in research and education. Reintermediation: manufacturers to electronic intermediates to consumers. Digital goods: items that can be sold and distributed online e. g. itunes songs. Recombinant (new media): combining two types of media. Cognitive surplus: freed mind power when we switch to a new activity. Information society: society dominated by the movement and use of info. Misinformation: receiving the wrong information by accident. Disinformation: receiving the wrong information on purpose. Excess of info on the internet e. g. wikipedia. Innovator"s dilemma: things become to complex for a consumer purpose, e. g stove e. g. blackberry for email e. g, e. g stove e. g. blackberry for email e. g. excel for making simple calculations, performance vs time. Economic growth: endogenous: from within, exogenous: agent inserted into a private system. Example chapter question: globalization is a series of interrelated processes.
