Mass communication involves disseminating information to large audiences through mass media such as newspapers, magazines, television, radio, and the internet. Economic development aims to improve standards of living through actions that develop infrastructure, regional competitiveness, and social inclusion. The document discusses how different forms of mass media like movies, newspapers, television, radio, and advertisements can impact economic development and status by influencing individual or corporate profits, government transparency, consumer behavior, and industry revenues. Movies in particular are used as examples to show how blockbuster films can lead to billions in profits while promoting the economic standing of their contributors.