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Technology-Driven Economic Growth
Technology-Driven Economic Growth
Order ID 53003233773 Type Essay Writer Level Masters Style APA Sources/References 4 Perfect Number of Pages to Order 5-10 Pages Description/Paper Instructions
Technology-Driven Economic Growth
Technology has played a major role in shaping the world we live in today. It has transformed the way we live, work, and interact with each other. The rapid pace of technological advancement has also had a significant impact on the global economy. The use of technology has led to a new era of economic growth and development, which is why it has become an important driving force for the world economy.
One of the most significant ways in which technology is driving economic growth is through increased productivity. The use of advanced technology has made it possible for companies to automate many processes, freeing up human workers to focus on more value-adding tasks. This has led to improved efficiency and increased output, resulting in higher profits for businesses and improved standards of living for workers.
Another way in which technology is driving economic growth is through the creation of new industries and job opportunities. The rise of the digital economy has led to the creation of many new jobs, such as software engineers, data analysts, and digital marketing specialists. These new jobs not only provide employment opportunities for workers, but also contribute to the growth of the economy as a whole.
The use of technology has also made it possible for companies to reach new markets and customers, both domestically and internationally. The internet has created a global marketplace, allowing businesses to sell their products and services to customers all over the world. This has opened up new revenue streams and increased economic growth, as companies are able to tap into new markets and customers that would otherwise have been inaccessible.
In addition to driving economic growth, technology has also helped to reduce poverty and improve standards of living. The use of technology in agriculture, for example, has made it possible for farmers to increase their yields and improve the quality of their crops. This has led to higher incomes and improved living standards for rural communities. Technology has also made it possible for people to access basic services, such as healthcare, education, and financial services, in remote and underdeveloped areas, where these services were previously unavailable.
However, the benefits of technology-driven economic growth are not evenly distributed. The digital divide, or the unequal distribution of technology and internet access, has created a new form of inequality, with some groups being left behind in the digital economy. To ensure that everyone benefits from technology-driven economic growth, it is important for governments and businesses to invest in digital infrastructure and digital skills development, so that everyone has access to the opportunities that technology can provide.
In conclusion, technology is playing an increasingly important role in driving economic growth and development. The use of technology has increased productivity, created new job opportunities, and opened up new markets and revenue streams. It has also helped to reduce poverty and improve standards of living. However, to ensure that everyone benefits from technology-driven economic growth, it is important for governments and businesses to invest in digital infrastructure and digital skills development. The future of the world economy will be heavily influenced by the continued advancement of technology, and it is essential that we work together to ensure that this progress benefits everyone.
Technology-Driven Economic Growth
RUBRIC
QUALITY OF RESPONSE NO RESPONSE POOR / UNSATISFACTORY SATISFACTORY GOOD EXCELLENT Content (worth a maximum of 50% of the total points) Zero points: Student failed to submit the final paper. 20 points out of 50: The essay illustrates poor understanding of the relevant material by failing to address or incorrectly addressing the relevant content; failing to identify or inaccurately explaining/defining key concepts/ideas; ignoring or incorrectly explaining key points/claims and the reasoning behind them; and/or incorrectly or inappropriately using terminology; and elements of the response are lacking. 30 points out of 50: The essay illustrates a rudimentary understanding of the relevant material by mentioning but not full explaining the relevant content; identifying some of the key concepts/ideas though failing to fully or accurately explain many of them; using terminology, though sometimes inaccurately or inappropriately; and/or incorporating some key claims/points but failing to explain the reasoning behind them or doing so inaccurately. Elements of the required response may also be lacking. 40 points out of 50: The essay illustrates solid understanding of the relevant material by correctly addressing most of the relevant content; identifying and explaining most of the key concepts/ideas; using correct terminology; explaining the reasoning behind most of the key points/claims; and/or where necessary or useful, substantiating some points with accurate examples. The answer is complete. 50 points: The essay illustrates exemplary understanding of the relevant material by thoroughly and correctly addressing the relevant content; identifying and explaining all of the key concepts/ideas; using correct terminology explaining the reasoning behind key points/claims and substantiating, as necessary/useful, points with several accurate and illuminating examples. No aspects of the required answer are missing. Use of Sources (worth a maximum of 20% of the total points). Zero points: Student failed to include citations and/or references. Or the student failed to submit a final paper. 5 out 20 points: Sources are seldom cited to support statements and/or format of citations are not recognizable as APA 6th Edition format. There are major errors in the formation of the references and citations. And/or there is a major reliance on highly questionable. The Student fails to provide an adequate synthesis of research collected for the paper. 10 out 20 points: References to scholarly sources are occasionally given; many statements seem unsubstantiated. Frequent errors in APA 6th Edition format, leaving the reader confused about the source of the information. There are significant errors of the formation in the references and citations. And/or there is a significant use of highly questionable sources. 15 out 20 points: Credible Scholarly sources are used effectively support claims and are, for the most part, clear and fairly represented. APA 6th Edition is used with only a few minor errors. There are minor errors in reference and/or citations. And/or there is some use of questionable sources. 20 points: Credible scholarly sources are used to give compelling evidence to support claims and are clearly and fairly represented. APA 6th Edition format is used accurately and consistently. The student uses above the maximum required references in the development of the assignment. Grammar (worth maximum of 20% of total points) Zero points: Student failed to submit the final paper. 5 points out of 20: The paper does not communicate ideas/points clearly due to inappropriate use of terminology and vague language; thoughts and sentences are disjointed or incomprehensible; organization lacking; and/or numerous grammatical, spelling/punctuation errors 10 points out 20: The paper is often unclear and difficult to follow due to some inappropriate terminology and/or vague language; ideas may be fragmented, wandering and/or repetitive; poor organization; and/or some grammatical, spelling, punctuation errors 15 points out of 20: The paper is mostly clear as a result of appropriate use of terminology and minimal vagueness; no tangents and no repetition; fairly good organization; almost perfect grammar, spelling, punctuation, and word usage. 20 points: The paper is clear, concise, and a pleasure to read as a result of appropriate and precise use of terminology; total coherence of thoughts and presentation and logical organization; and the essay is error free. Structure of the Paper (worth 10% of total points) Zero points: Student failed to submit the final paper. 3 points out of 10: Student needs to develop better formatting skills. The paper omits significant structural elements required for and APA 6th edition paper. Formatting of the paper has major flaws. The paper does not conform to APA 6th edition requirements whatsoever. 5 points out of 10: Appearance of final paper demonstrates the student’s limited ability to format the paper. There are significant errors in formatting and/or the total omission of major components of an APA 6th edition paper. They can include the omission of the cover page, abstract, and page numbers. Additionally the page has major formatting issues with spacing or paragraph formation. Font size might not conform to size requirements. The student also significantly writes too large or too short of and paper 7 points out of 10: Research paper presents an above-average use of formatting skills. The paper has slight errors within the paper. This can include small errors or omissions with the cover page, abstract, page number, and headers. There could be also slight formatting issues with the document spacing or the font Additionally the paper might slightly exceed or undershoot the specific number of required written pages for the assignment. 10 points: Student provides a high-caliber, formatted paper. This includes an APA 6th edition cover page, abstract, page number, headers and is double spaced in 12’ Times Roman Font. Additionally, the paper conforms to the specific number of required written pages and neither goes over or under the specified length of the paper.
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