Social Media Effect on Economic Growth in Hong Kong

qwertyuiopasdfghjklzxcvbnmqw
ertyuiopasdfghjklzxcvbnmqwert
yuiopasdfghjklzxcvbnmqwertyui
opasdfghjklzxcvbnmqwertyuiop
asdfghjklzxcvbnmqwertyuiopasd
fghjklzxcvbnmqwertyuiopasdfgh
jklzxcvbnmqwertyuiopasdfghjkl
zxcvbnmqwertyuiopasdfghjklzxc
vbnmqwertyuiopasdfghjklzxcvb
nmqwertyuiopasdfghjklzxcvbnm
qwertyuiopasdfghjklzxcvbnmqw
ertyuiopasdfghjklzxcvbnmqwert
yuiopasdfghjklzxcvbnmqwertyui
opasdfghjklzxcvbnmqwertyuiop
asdfghjklzxcvbnmqwertyuiopasd
fghjklzxcvbnmqwertyuiopasdfgh
jklzxcvbnmrtyuiopasdfghjklzxcv
Social media effect economic growth in Hong Kong
Essay
5/26/2018
Student Name

1 | P a g e
Outline of the essay
As like any other essay, this essay will also start with an introduction. In the introduction
part, a short summary will be given over the social media affecting the growth in Hong Kong.
Social media are the websites and applications that allow users to make and share the content.
Social media helps user to participate in the social networking. Social media are computer-
meditated technologies that enable the design and sharing of the information. Each and every
moments can be captured and post it online (Gerbaudo, 2018). The social media has its own
advantages and disadvantages. Nowadays social media plays a crucial role in the economy.
Most of the promotion and advertisement of any new product or service are done by these
social media. These social media’s include Facebook, Instagram and Twitter. Promotion of
products and services in online market involves least cost which helps the business to have
savings in the cost. The marketing in the social Medias are done so easily with less time
involved. Several companies and countries are having the good competitive edge in the
market (Hootsuite, 2013).
Social Media
After introducing the topic in the introduction part the discussion related to the social media
and its impact on the economy of Hong Kong will be discussed. The discussion would cover
the background of Social media; it is adopted by the overall world and has covered a large
reach. Like in the market of Hong Kong, social media plays a crucial role. The economic
growth has been affected by the use of these social media’s. Social media has become a new
channel for the people in Hong Kong to an accumulation of human and intellectual capital.
The key issues involved in the entry will be discussed like Social media are helpful in the
Hong Kong market as it removes the barriers to the entry of the firms. Now any can firm can