What role do social networks like Twitter and Facebook Play in the Economy?

[brit b]

Any links or explanations?

[Nichalos]

Since social networks are very popular, it gives companies the opportunity to reach a large audience containing people from all around the world. Globalization allows companies the opportunity to deliver products, services, and ideas to eachother. This in turn allows more cash flow to enter the economy. Thats just a real brief overview. I would recommend you google "Globalization" and read more about the benefits and impacts it has on the economy. The way your question is worded, that sounds like the direction the question is trying to take you. GOOD LUCK!!!

[Jassica]

Social networking sites, such as Facebook and Myspace, have many positive societal effects, due to their ease of use and ability to reach groups of people, simultaneously. People have been able to create new friendships and reconnect with people through the use of these networking sites. Businesses have also been able to take advantage of these websites, due to the ability to sell to millions of people, without ever leaving your desk.

[Lead]

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[Mohammad Hossain]

Social networks is a great source of collecting the target groups for a business man. It is place where from a man can spread his product ideas or sample without any cost. it is great opportunity for us. A business minded man can easily reach his target group worldwide.