Question

In: Economics

Can you think of other ways that social media has changed the world? How has social...

Can you think of other ways that social media has changed the world?

How has social media changed how you make decisions?

Solutions

Expert Solution

The social media has hugely impacted businesses, society and the world as a whole. Social media has created an effective platform to share ideas, information, opinions, etc. with people across borders and collaborate seamlessly. Social media influences how people make decisions. Social media is being leveraged by businesses, political parties advocacy groups, individuals, artists, etc. to share their ideas, make people aware, create movement, etc. For example, social media played a very important role in the democratic uprising in various Middle Eastern countries, which is also known as Arab spring. Similarly, social media had a huge impact on various political events like the election of Donald Trump or the Brexit. Social media has made it possible to make an information viral within a small span of time. It has impacted lives across the world.

Social media influences the way we make decisions. People share their ideas, opinions, activities, etc. on social media which influences the decisions of others. The life of people is also influenced by peer pressure because of we share various happenings in our lives in the social media. In addition, social media has also made it easier to get access to reviews or suggestions while making decisions.


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