Hi, I need help with essay on Economics. Paper must be at least 2500 words. Please, no plagiarized work!
All the leading companies are now keen to invest in this prosperous industry. For all these reason this industry is also creating huge amount of employment opportunity across the globe (economywatch.com, 2009).
It has a great impact on a country’s economy including both microeconomic as well as macroeconomic effects. The social impact is gaining importance day by day with the popularity of social networking sites and SMS. In cultural terms it has raised the availability of music and films to the general mass. Telecommunication has also changed the medium through which people receive their news. A study of US citizens shows that people get their news from TV or radio rather than by news papers. The benefit of the use of internet is also known to everybody by now. In these several ways telecommunication industry helps the world to engulf the barrier of distance that exists among people.