The Impact of E-Commerce on the Economy
Order ID 53563633773 Type Essay Writer Level Masters Style APA Sources/References 4 Perfect Number of Pages to Order 5-10 Pages
The Impact of E-Commerce on the Economy
The rise of e-commerce has had a profound impact on the economy, transforming the way goods and services are produced, distributed, and consumed. E-commerce has changed the traditional retail landscape, creating new opportunities for businesses and consumers alike while also disrupting established industries and challenging traditional economic models.
One of the most significant impacts of e-commerce on the economy has been the increased competition it has brought about. Online marketplaces and e-commerce platforms have made it easier for businesses of all sizes to reach new customers and sell their products, increasing competition and driving innovation. This has created a more dynamic and efficient marketplace, resulting in lower prices and improved product quality for consumers.
E-commerce has also enabled businesses to reach new markets and expand their reach, allowing them to tap into global consumer demand. This has opened up new opportunities for businesses, especially small and medium-sized enterprises (SMEs), to reach a wider customer base and increase their sales. In turn, this has led to the creation of new jobs and economic growth.
E-commerce has also changed the way goods and services are produced and distributed. Online marketplaces have made it easier for businesses to match supply with demand, increasing efficiency and reducing waste. This has led to lower costs and higher profits for businesses, contributing to economic growth and competitiveness.
Additionally, e-commerce has created new business models and services, such as online marketplaces and delivery services, that have become significant players in the economy. These new services have created new jobs and economic opportunities, contributing to the overall growth and dynamism of the economy.
However, e-commerce has also brought about challenges and disruptions, particularly for brick-and-mortar retailers who have struggled to compete with online marketplaces. This has led to the closure of many traditional retail stores and job losses, particularly in economically vulnerable communities. Moreover, the increased competition and efficiency brought about by e-commerce has also put pressure on suppliers and manufacturers, leading to lower prices and reduced profits.
In conclusion, the rise of e-commerce has had a profound impact on the economy, transforming the way goods and services are produced, distributed, and consumed. E-commerce has created new opportunities for businesses and consumers, increasing competition and driving innovation, while also challenging established industries and creating new economic challenges. The impact of e-commerce on the economy will continue to evolve and will require careful consideration and management to ensure that the benefits are widely shared and that the economy remains dynamic and resilient.
The Impact of E-Commerce on the Economy
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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