Answer:
marketplace of ideas
Explanation:
The answer is
"market place of ideas".
Media convergence may be considered as a good platform to share and innovate ideas and solutions which effects the welfare of the public. It is a market place for ideas to grow and influence the public so that proper steps can be taken to established a good society.
Here government policies or any issues can be discussed and criticized for the betterment of all. The entire society as a whole benefits when more of the public participates in such public dialogues.
Thus the answer is --
"market place of ideas".
An increase in savings leads to an increase in long-term income if the savings is earning interest, but takes away from immediate spending ability in the short-run.
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Pedro is a Keynesian economist and argues that in a downturn, state intervention is the key for economic recovery.
Keynesians believe that GDP (Gross Domestic Product) is positively influenced by aggregate demand. Hence, in order to boost GDP growth after a downturn, the state should step in the economy by increasing public expenditure. This will help to create job positions, increase the disposable income of households and therefore increase overall demand for goods and services.
If more goods and services are demanded, the same cycle restarts as firms would hire more staff in order to increase production to a greater extent to meet the new necesities. The more people who is employed, the more income avilable to continue increasing private expenditure and investments, which in turn GDP and bring economic growth.
<em><u>To make it clearer, the following is the GDP formula for a certain time period</u></em>
<em>GDP = Private Consumption + Private investment + Public expenditure + Exports - Imports </em>
