The Effect of Environmental Factors on Demand and Supply
Order ID |
53563633773 |
Type |
Essay |
Writer Level |
Masters |
Style |
APA |
Sources/References |
4 |
Perfect Number of Pages to Order |
5-10 Pages |
Description/Paper Instructions
The Effect of Environmental Factors on Demand and Supply
Environmental factors can have a significant impact on the demand and supply of goods and services in an economy. These factors can include natural disasters, climate change, government policies, and technological advancements. In this article, we will explore the ways in which these factors affect demand and supply and the overall economy.
Natural Disasters
Natural disasters, such as hurricanes, earthquakes, and floods, can have a profound impact on supply and demand. When a natural disaster occurs, the supply of goods and services may be disrupted, causing prices to rise due to the scarcity of products. For example, if a hurricane destroys a significant amount of agricultural land, the supply of crops may be reduced, leading to an increase in the price of food products.
At the same time, demand for goods and services may also be affected. In the aftermath of a natural disaster, people may be forced to evacuate their homes or relocate to other areas. This can lead to a decrease in demand for goods and services in the affected region, as people focus on their immediate needs, such as food, water, and shelter.
Climate Change
Climate change is another environmental factor that can have a significant impact on demand and supply. The effects of climate change, such as rising sea levels, extreme weather conditions, and droughts, can impact various industries, leading to changes in supply and demand. For example, if there is a prolonged drought, the supply of crops may be reduced, leading to an increase in the price of food products.
On the other hand, climate change can also lead to an increase in demand for certain products. For example, if there is a heatwave, the demand for air conditioning units may increase, leading to an increase in the price of these products.
Government Policies
Government policies can also have a significant impact on demand and supply. For example, if the government imposes tariffs on imported goods, the supply of these goods may decrease, leading to an increase in the price of the products. Similarly, if the government implements tax incentives for a particular industry, the supply of goods and services in that industry may increase, leading to a decrease in the price of these products.
Government policies can also impact demand. For example, if the government implements a tax on tobacco products, the demand for these products may decrease, leading to a decrease in the price of tobacco products.
Technological Advancements
Technological advancements can have a profound impact on supply and demand. When new technologies are introduced, they can lead to the creation of new products and services, as well as improvements in existing products and services. This can lead to an increase in supply and a decrease in the price of products.
At the same time, technological advancements can also lead to a change in demand. For example, the introduction of electric cars can lead to a decrease in demand for gasoline-powered cars, leading to a decrease in the price of gasoline-powered cars.
Conclusion
In conclusion, environmental factors can have a significant impact on demand and supply in an economy. Natural disasters, climate change, government policies, and technological advancements can all lead to changes in supply and demand, which can have a profound impact on the overall economy. As such, it is important for businesses and governments to monitor these environmental factors and develop strategies to mitigate their impact on supply and demand.
The Effect of Environmental Factors on Demand and Supply
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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