The Influence of Business Studies on Economic Equality
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 Influence of Business Studies on Economic Equality
Introduction
Business studies play a pivotal role in shaping economic equality within societies. As a field that encompasses various disciplines such as economics, finance, marketing, and management, business studies provide individuals with the knowledge and skills necessary to navigate the complex world of commerce. In this essay, we will explore the profound influence of business studies on economic equality, examining how it fosters entrepreneurship, promotes access to resources, and facilitates social mobility. By analyzing the impact of business studies on these aspects, we can gain a comprehensive understanding of its role in shaping a more equitable economic landscape.
Body:
Fostering Entrepreneurship
Business studies contribute significantly to the development of entrepreneurship, which acts as a catalyst for economic equality. Through business education programs, aspiring entrepreneurs gain essential knowledge about market dynamics, business planning, financial management, and risk assessment. By equipping individuals with these skills, business studies empower them to establish and operate their own businesses, creating opportunities for wealth creation and economic advancement.
Furthermore, business studies programs often emphasize innovation and creativity, fostering an entrepreneurial mindset among students. This emphasis on innovation encourages individuals to identify new business ideas and solutions to societal challenges, contributing to economic growth and job creation. By encouraging entrepreneurship, business studies provide individuals from diverse backgrounds with an equal chance to participate in the economy, reducing economic disparities.
Promoting Access to Resources
Business studies also play a crucial role in promoting access to resources, which is vital for achieving economic equality. Through courses such as finance and accounting, students acquire knowledge about financial management, investment strategies, and access to capital. This understanding enables individuals to make informed financial decisions, effectively manage their resources, and access funding opportunities for their ventures.
Moreover, business studies facilitate networking and connections with industry professionals and organizations. This networking aspect is instrumental in bridging gaps between individuals from different socioeconomic backgrounds, providing access to mentorship, partnerships, and potential investors. By facilitating access to resources and fostering connections, business studies break down barriers that may hinder economic mobility and ensure that opportunities are more evenly distributed.
Facilitating Social Mobility
One of the significant contributions of business studies to economic equality is its role in facilitating social mobility. Business education equips individuals with the skills necessary to navigate the competitive job market and pursue upward career trajectories. Through courses on management, marketing, and leadership, individuals gain knowledge on effective decision-making, communication, and organizational skills, making them more competitive candidates for job opportunities.
Furthermore, business studies often emphasize the importance of diversity and inclusion in the workplace. By promoting these values, business education fosters a more equitable work environment and breaks down systemic barriers that hinder economic progress for marginalized groups. This emphasis on diversity and inclusion not only contributes to economic equality but also promotes a more just and fair society.
Conclusion
In conclusion, business studies have a significant influence on economic equality. By fostering entrepreneurship, promoting access to resources, and facilitating social mobility, business education plays a pivotal role in shaping a more equitable economic landscape. By equipping individuals with the necessary knowledge, skills, and connections, business studies empower people from diverse backgrounds to participate actively in economic activities, reducing disparities and creating opportunities for economic advancement. Emphasizing the importance of business education and its impact on economic equality can help pave the way for a more inclusive and prosperous society.
The Influence of Business Studies on Economic Equality
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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