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Bandwith: the information-carrying capacity of a network or connection
Economies of scale: savings achieved because an initial investment is spread out over increasing numbers of produced units
FCC: a US government agency responsible for regulating communications industries
Mass media: any form of media designed for use by large sets of people.
Monopoly: a market in which there are many buyers but only one seller
Net neutrality: a principle proposed for Internet use such that network providers do not interfere with content shared between end-users, such as consumers and websites
Personal media: any form of media designed for use by a specific person
Telecommunications Reform Act of 1996: a 1996 US act which sought to move all telecommunications markets towards competition, “both in the markets for the various elements that comprise the telecommunications network, as well as for the final services the network creates”79
Web2.0: general trend of interactivity between users and a website
Zeitgeist: in the spirit of the time or public opinion
79 http://www.stern.nyu.edu/networks/telco96.html
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