Social Networking And Its Impact On The 21st Century

Sharing economy is a business and a service built around sharing and renting assets, where the technology has a big involvement, as it’s used as communication between the renter and the borrower. Sharing economy has its advantages and disadvantages, and Suzanne Bearne, Catharine Hamm and Mary Dejevsky are 3 writers that express their knowledge and views relating to the topic of sharing economy.

The United States has serious labor market challenges as a result of rising wage inequality between people and the slow middle class wage growth. The need to provide individuals with variety of goods, service and information raise specific economic phenomena called “sharing economy”. This model of economy includes different types of industry categories: sharing information (YouTube), property (Airbnb), transportation (Uber) and more. The sharing economy works in the same way as a traditional market, where individuals exchange different goods and service. The central concept of sharing economy (collaborative consumption) is the access to the goods. The application of regulation is the major issue with this type of innovated economy. The sharing economy is a nontraditional, because the workers’ luck of benefits and the type of economical market system that creates an income and job opportunity. On the other hand this type of market provides a different type of benefits as: flexible schedule and employment; saving energy and less waste; self regulation; lower costs of the product. The context is of a great interest since participation in sharing communities and services is characterized by obligation to do good for other people and for the environment, such as sharing, and engaging in sustainable behavior (Prothero et al, 2011). The challenge of any market includes and market of sharing economy is to ensure the supply and demand. Specifically for the sharing market is the way

Society is constantly changing and will continue to change in the future. The change is predictable because people change their ideas, routines, and views frequently. One of the topics that is typically brought up when discussing the influences on how society is changing, is social networking. There are two sides to every story. One side of the effects of social networking is that it is beneficial to society by informing people on particular situations in the world and on current important events. The other side views social networking as dangerous and drama filled. While there are benefits and dangers to social networking's effects on society, I will argue that social networking has changed society more negatively than positively.

A social networking site refers to the dedicated internet or online based application or platform where individuals are enabled to communicate and interact with each other virtually. Social networking is characterized by a network of individual relationships and personal interaction based on common interests and goals such as the love for a particular game or music genre. Social networking websites allow people to create their public profiles of, search for friends and add them to their friends’ list and vice versa. There are various versions of social networking sites based on different topics or preferences, for example, LinkedIn is a social networking site used to connect professionals in related fields of competence and practice. The first website to manifest features of a social networking site was SixDegrees.com that was launched in 1997. This created a precedent that was emulated by other websites including Friendster in 2002, Myspace in 2003, and Facebook in 2007.

The writer has delivered his thoughts on the concept of SHARING ECONOMY based on an insider’s view who has been actively involved with the multiple business platforms created as part of the sharing economy. The pros and cons as a business owner in a sharing economy have been displayed and also expert opinions on the concept have been outlined to a brief extent.

A sharing economy, is when owners utilize digital clearinghouses to capitalize the unused capacity of things they already have, and consumers rent from their peers rather than rent or buy from a company (Geron, 2013). Consumers today can share or offer resources like cars, room rentals, dog sitting and skills to people that require their services for low cost. Companies today, like Airbnb and Uber are capitalizing off “The Share Economy” market by providing services based of the consumer needs. The share economy does create a new economy that can be beneficial to those people trying to save and earn addition income, but detrimental to companies in the car service and hospitality industry. This lead us the main discussion in the essay: Can the sharing economy market be disruptive to the traditional economy or will it enhance the businesses in the near future.

The term ‘social media’ has become a broad-term to describe a large number of online systems that serve as a platform for the generation, and distribution of user-generated content. Social media creates a virtual social space, where a large number of users come together and interact with one another. These interactions can be either structured, such as responses that are moderated on blogs, semi-structured, such as a discussion between an extended network on Facebook, or unstructured, such as the anarchial functioning of Twitter.

Social media has advanced throughout the years emerging into many lives in differing ways. When I think about social media all the apps on my phone come to mind such as Instagram, Facebook, and YouTube. On a daily basis I access these sites a multiplicity of times as everyone else in the world do as well. No matter where we are in the world, one thing we are for sure united by is the strength of social media that brings us all together. YouTube is a huge platform that has content uploaded from all parts of the world and is viewed from all parts of the world as well. YouTube sensations are becoming more relevant to the world as time goes on. Stars, Bethany Mota and Jenna Marbles are important people to the internet culture that have made money in the process of creating content that viewers become inspired by essentially changing their lives.

Academic knowledge is simply what we accept as knowledge given to us by educators and scholars from academic institutions. The academic knowledge that people possess and want to know about social media, knowing how to use it and be responsible when accessing social media, impacts and affects us all in some way on both a local and global community level. Erik Qualman (2010) notes that, “Social media touches every facet of our personal and business lives. Social media is living and breathing and it touches every part of an organization from Customer Service to frontline sales, even Human Resources and Information Technology” (p. 1). Social media infects and binds us all in some way and we use to stay close with someone with love from anywhere local to global. We use social media in many ways for academic, personal, or professional purposes. Many academic institutions use it so that their students can easily stay connected outside the classroom being either in a local or global community. Doctors Gwenn Schurgin O’Keeffe and Kathleen Clarke-Pearson (2011) note that, “Middle and high school students are using social media to connect with one another on homework and group projects. For example, Facebook and similar social media programs allow students to gather outside of class to collaborate and exchange ideas” (p. 801). It is fantastic that schools and their students are utilizing social media to stay connected with their teachers and fellow classmates, but at the same time we

Almost everybody is aware of some impact social networking sites have had on their life. Whether one comes from the generation before the advances in technology, the generation during the technological advances, or the generation born into the world full of technology, it is all the same; technology has impacted their life. The impact, however, may either be positive or negative. With the way today’s social networking sites (SNS) are working, there seems to be more negatives around than the positives. Some of the negatives within SNS include cyber bullying, lack of privacy, and the adverse effects of screen time.

In modern times, technological advancement has greatly improved the social benefits within society. A vastly growing percentage of young people across America are growing more proficient in using the internet for communication across their country to international regions. In the year 2009, a national survey was conducted for individuals between the ages of eight to eighteen years, where the average time adolescents spent on any form of social media was more than 7.5 hours of a day. Once the average time of multitasking was calculated, such as listening to music and web surfing, the overall average time amounted to 10 hours and 45 minutes. (Brown & Bobkowski 2011)

This essay will explore the concept of the sharing economy specifically, that sharing is beginning to become a key concept

Social Networking Services, as we so call it as the SNS, is one of the modern Information and Communications Technologies that have improved the flexibility in the lives of people. We are now able to reach people effortlessly within a matter of seconds as if from they are next-door neighbors, even though they are dispersed all around the globe. Not only that we could be in touch with people one-on-one, SNS also provides us with ample amount of information – world news, local news, global events, corporation updates and so on - in ineffable terms. Therefore, in terms of the flexibility of the ICT, it would be convincing enough to define it as the enhancement of the reach of people, information and augmenting the capability to form a tighter bond between those of two associated objects. However it is important to examine how this was possible. What have made all these capable?

With the advent of social media, the sharing economy has become one of the biggest stories of this past decade. The sharing economy can be defined as the collaborative sharing of resources to be used for consumption, with the ‘sharing’ of goods and services being exchanged for a profit. Interest in the sharing economy has surged with the emergence of highly popular peer-to-peer marketplaces like Uber or Airbnb. It provides a whole new way for individuals to use underused or unused resources to find new profit opportunities. Under-utilized goods can have value based on a rental price depending on the market. These firms only provide a cloud-based application that is used as a marketplace for people to share their goods and services. It has become an attractive business model for those looking to make more income with more flexibility. As demonstrated with Uber, regular consumers are able to use their own vehicles to provide transportation services to others. Airbnb users are able to provide any available un-utilized space from their own homes to visitors who need a place to say. Furthermore, these platforms allow for regular consumers to also become the suppliers, depending on their own assets. Because the marginal cost of supplying these goods is little-to-none, these services are often priced at much lower rates. This makes the sharing economy model very attractive as an alternative to other established business models. However, the sudden rise of such a

What is technology? What is social media? It appears as if in these modern days everyone in society comes into contact with those words. Though many limit technology to being the modern advancements we see today, such as cutting-edge computers or smartphones, according to the Oxford English Dictionary, technology is “the application of scientific knowledge for practical purposes, especially in industry” (“technology, n.” def. 4b). Therefore technology is essentially an innovation of ideas that improves and expands society as a whole. The modernization of technology has been responsible for many breakthroughs in society such as developments in new methods of transportation, innovations in the production of food, and many more. Yet, with all