What Is a Smartphone? A Cellular Phone and Pc In One Instrument

What Is a Smartphone? A Cellular Phone and Pc In One Instrument

What Is a Smartphone? The term smartphone refers to a handheld electronic device that provides a connection to a cellular network. Smartphones were introduced to the world in 1994 by IBM but have since expanded to include companies like Apple and Samsung. Although they were originally meant to allow individuals to communicate via phone and email

Smokestack Business Definition

Smokestack Business Definition

What Is a Smokestack Industry? A smokestack industry is a traditional heavy manufacturing industry that produces large items or inputs into other industries. Examples include cars, shipbuilding, steel and other metals, chemicals, and heavy machinery. In short, it refers to any heavy manufacturing industry that has been around for decades. Such industries tend to cause

Debt Snowball Definition

Debt Snowball Definition

When paying off debt, there are different strategies that you may use to erase credit cards, loans, and other obligations. The debt snowball is a method of debt repayment in which a person lists all of their debts from smallest to largest (not including the mortgage), then devotes extra money each month to paying off

What Is Social Capital? Definition, Types, and Examples

What Is Social Capital? Definition, Types, and Examples

What Is Social Capital? The term social capital refers to a positive product of human interaction. The positive outcome may be tangible or intangible and may include favors, useful information, innovative ideas, and future opportunities. Social capital is not held by an individual, but instead appears in the potential between social network connections between individuals. It

Social Business: Definition, Tactics, and Examples

Social Business: Definition, Tactics, and Examples

What Is Social Commerce? Social commerce uses networking websites such as Facebook, Instagram, and Twitter as vehicles to promote and sell products and services. A social commerce campaign’s success is measured by the degree to which consumers interact with the company’s marketing through retweets, likes, and shares. Key Takeaways Social commerce promotes products and services

Social Economics Definition

Social Economics Definition

What Is Social Economics? Social economics is a social science and a branch of economics that focuses on the relationship between social behavior and economics. Social economics is also referred to as socioeconomics. Social economics is primarily concerned with the interplay between social processes and economic activity within a society. Social economics may attempt to explain