Fiscal and Monetary Policy in Social Media Sector

INTRODUCTION TO
BUSINESS ENVIRONMENT

Table of Contents
INTRODUCTION...........................................................................................................................2
MAIN BODY...................................................................................................................................3
Knowledge and understanding about fiscal and monetary policies and the impact of fiscal and
monetary policy on the social media sector as a whole...............................................................3
The impact of fiscal and monetary policy on the social media sector.........................................4
Corporate social responsibility and ethics have shaped the activities of various organizations in
Social Media sector......................................................................................................................5
CONCLUSION ...............................................................................................................................8

INTRODUCTION
Fiscal policy, it is a way by which a government adjust its spending level and tax rates to
supervisor and influence the nations economic system. Monetary policy include authority of
nation to control the interest rate payable or the money supply. The fiscal and monetary policies
are to be discussed along with the government spending and taxation processes. The study even
includes of the impact of fiscal and monetary policy on social media sector as whole. The study
also consist of the corporate social responsibilities and ethics which has shaped various
organizations in the social media sector are as follows Facebook, Instagram, pinstripe, you tube,
tiktok and twitter. All the social responsibility of different organizations is to be discussed in the
further study which includes of different responsibility of organization towards the society,
culture and environment.
MAIN BODY
Knowledge and understanding about fiscal and monetary policies and the impact of fiscal and
monetary policy on the social media sector as a whole
Fiscal policy, the term includes of the government usage of disbursal. Indirect and direct
taxation and government dealing it will impact the growth of collective demand in the economy
output and jobs. It is also in used to change the pattern and purchasing of goods and service like
investing on healthcare (Bonam and Lukkezen., 2019). It is a policy by which distribution of
financial gain and wealth can be achieved. For example tax rates could vary on different types or
level of income Weil 2019. The major two different parts of the policy are as follows. Spending
of government and Taxation.
Spending of government : The biggest individual component of spending of government in UK
is welfare protection with the largest spending on teaching system.
Three major areas of government spending which take up to around 40% of annual GDP are,
 Give payment : payments being given to profit receiver like state pensions.
 Present-day spendings : the amount being spent on goods and service provided by the
government like health and education.