... traditional industries nowadays. Supposedly, traditional industry as industry 1 of which the assumed output is indispensable good (food, clothing) whilst industry 2 is modern industry assumingly producing luxury good (manufacturing product as cell phone, television) where, is implied not to be indispensable good but luxury good. By letting the value of fall throughout time, the increase in living standards will be displayed. For one ... instance, cell phone usage might be out-of-reach back decades ago in highly developed nations but mobile phones are must-have items. Thereupon, the indu...

• Word Count: 2421
• Approx Pages: 10
• Has Bibliography
• Grade Level: Graduate

... phones (Rideout, 2012). FoMO may not be widespread but the use of smart phones amongst teens is still increasing at an alarming rate when compared to the first release of a cell phone with internet access, decades down the road, teens may be facing a serious social issue. Granted, many teens use social media to healthily contact friends and loved ones and although the ... and practices due to their over dependence on social media as their main social outlet. The solution to this issue may seem simple, shut off the computer, put away the phone, or delete your Facebook account, but it tru...

• Word Count: 1261
• Approx Pages: 5
• Has Bibliography
• Grade Level: Graduate