Friday, October 27, 2017

The Power of Media and Information Literacy in Economy

By: Princess Kaye Pedrajas

        Economic education is vital to the future health of our nation’s economy. It gives our students to the building blocks for a successful financial future. It empowers consumer by giving them the knowledge and tools to improve their economic wellbeing. It is the best investment we can make to strengthen our nation’s economy.

     According to google Media is the most powerful sector of an economy. It is a tool to maintain a balanced society which is characterized by well-informed people, effective democracy and social justice. In fact, media has unparalleled influence on all aspects of human life. The power of media and information in economy as today's generation many of the entrepreneur can sell/promote their products into online or using the internet. Economist recognize that developing basic economic and financial knowledge is an important goal for a democratic society that relies heavily on informed citizens and personal economic decision-making. When households are capable of building wealth, they are also capable of building more economically stable neighborhoods and communities. As we all know, the business of managing our money in this environment has become increasingly complicated. Technological advances continue to expand the range of financial services available to consumers. While choice and flexibility are certainly beneficial the consumer, they come with increased risks. Especially among consumers who lack the knowledge and resources to discern their choices.


     Social media is very important in terms of economy it is an effective way to allow others to know you and your brand and to form relationships that are built on trust, mutual respect and loyalty. Just because the economy has showed down a great deal does not mean that the pace of social media has slow down equally. If you invest the proper amount of time and effort in your social media strategy now, you will most likely come out of the recession stronger and more successful than ever. 

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