Social media can be defined as, “the means of interactions among people in which they create, share, and/or exchange information and ideas in virtual communities and networks” (Tuft University), but social media has benefits beyond its definition. Social media influence on the growth of U.S. economy and improve the living condition of its citizens. Social media is the place where users can express their opinion, show their creative work, meeting new people, and be inform with current events. Social media users can be more social and have an active lifestyle. Social media is more than just a tool for communication. Everyone that has social media access get the benefits in some way. Businesses can buy the browsing data from social media sites to find consumers’ …show more content…
more than billion dollars. Social media connect the business around the world with the new idea of marketing, information and research, and productivity in each country. Quentin Hardy say, "base on Mckinsey research, Social media business sectors could add $900 billion to $1.3 trillion in value to the economy,” While the business in the country can lower their costs, the income from another country even make it better to U.S. economy. The investment from another country is increasing, which mean more product will be produce, and that lead to affordable price for consumers. The trades between countries will help businesses lower their cost in productive activities, they can produce the product in another country that have an advance in recourse. The money that consumers spent on all goods will help the economy cycle function smoothly. Social media can influence and help U.S. economy grow in many other ways that I have not mention, Social medial is not just a tool for communication, it is new world of businesses. With all benefits to the businesses from social media, the working class also has more jobs opportunity in the