The New 'App Economy'

Facebook apps and mobile apps on smartphones and tablets have, according to the University of Maryland, given rise to a new industry that it calls the "app economy."

What's the Latest Development?


According to a University of Maryland study, at least 182,000 new jobs have been created by businesses in the U.S. making apps specifically for Facebook, the world's most popular social network with more than 750 million users. "The study also said its economic models for coming up with its employment estimates for the Facebook app economy has generated a value about $12.19 billion in wages and benefits for U.S. workers." The app industry is one of the few segments of the American economy that is experiencing rapid growth. 

What's the Big Idea?

Social networking sites have created a vibrant new industry of digital application makers who work to connect more and more facets of our lives to the Internet. "The businesses in the app economy, however, aren't just made up of companies that make game apps, or sharing apps, or news reading apps, or apps to buy laundry detergent and other goods though Facebook. The app economy also includes 'businesses that supply app developers,' which in doing business with app makers have themselves added 'between 129,000 to more than 182,000 people' to 'jobs supported by the app economy,' the study said."

Related Articles

How schizophrenia is linked to common personality type

Both schizophrenics and people with a common personality type share similar brain patterns.

(shutterstock)
Mind & Brain
  • A new study shows that people with a common personality type share brain activity with patients diagnosed with schizophrenia.
  • The study gives insight into how the brain activity associated with mental illnesses relates to brain activity in healthy individuals.
  • This finding not only improves our understanding of how the brain works but may one day be applied to treatments.
Keep reading Show less

Human skeletal stem cells isolated in breakthrough discovery

It's a development that could one day lead to much better treatments for osteoporosis, joint damage, and bone fractures.

Image: Nissim Benvenisty
Surprising Science
  • Scientists have isolated skeletal stem cells in adult and fetal bones for the first time.
  • These cells could one day help treat damaged bone and cartilage.
  • The team was able to grow skeletal stem cells from cells found within liposuctioned fat.
Keep reading Show less

How exercise helps your gut bacteria

Gut bacteria play an important role in how you feel and think and how well your body fights off disease. New research shows that exercise can give your gut bacteria a boost.

National Institutes of Health
Surprising Science
  • Two studies from the University of Illinois show that gut bacteria can be changed by exercise alone.
  • Our understanding of how gut bacteria impacts our overall health is an emerging field, and this research sheds light on the many different ways exercise affects your body.
  • Exercising to improve your gut bacteria will prevent diseases and encourage brain health.
Keep reading Show less