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The Benefits of Urbanization for Economic Development” solution
The Benefits of Urbanization for Economic Development”
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
The Benefits of Urbanization for Economic Development” solution
Urbanization refers to the process of population concentration in urban areas as a result of migration from rural to urban areas. Over the years, urbanization has been a key driver of economic development across the globe. Urban areas provide several opportunities for economic development that rural areas may not have. This essay will explore the benefits of urbanization for economic development.
One of the most significant benefits of urbanization is the concentration of economic activities in urban areas. Urban areas provide opportunities for businesses to establish themselves in areas with a high concentration of consumers, thereby increasing their chances of success. This concentration of economic activities also leads to the development of economies of scale, which enable businesses to produce goods and services at lower costs, leading to lower prices for consumers.
Another benefit of urbanization is the availability of a large and diverse labor pool. Urban areas attract people from different backgrounds and with different skills, making it easier for businesses to find the right people for their workforce. This availability of labor also allows businesses to scale up their operations as demand for their goods and services grows.
In addition to the availability of a large and diverse labor pool, urban areas also provide access to a wide range of goods and services. With a high concentration of businesses, urban areas offer a wide range of products and services, making it easier for consumers to access what they need. This concentration of businesses also promotes healthy competition, which encourages innovation and drives down prices.
Urbanization also promotes the development of infrastructure, which is critical for economic development. The concentration of people and economic activities in urban areas creates the need for infrastructure such as roads, water supply systems, and electricity grids. These infrastructure investments not only improve the quality of life for urban residents but also facilitate economic development by enabling the movement of goods and services.
Urban areas also provide opportunities for investment in human capital. With a high concentration of educational institutions and training centers, urban areas provide opportunities for individuals to acquire the skills and knowledge needed to succeed in a rapidly changing economy. This investment in human capital not only benefits individuals but also provides businesses with a skilled workforce that can help them achieve their goals.
Furthermore, urbanization also promotes technological innovation. Urban areas are centers of research and development, and as such, they promote technological innovation. With a high concentration of research institutions, businesses, and entrepreneurs, urban areas provide an environment that encourages the development of new ideas and technologies, leading to the creation of new industries and jobs.
In conclusion, urbanization provides several benefits for economic development. The concentration of economic activities, the availability of a diverse labor pool, access to a wide range of goods and services, the development of infrastructure, investment in human capital, and the promotion of technological innovation are some of the key benefits of urbanization. While there are challenges associated with urbanization, such as congestion, pollution, and urban poverty, the benefits outweigh the costs, making urbanization a key driver of economic development across the globe.
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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