The Influence of Culture and Society 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 Influence of Culture and Society on Demand and Supply
The relationship between culture and society and supply and demand is a complex one that is shaped by various factors such as beliefs, values, attitudes, and norms. In this essay, we will explore the ways in which culture and society influence demand and supply, with specific examples.
Culture refers to the set of beliefs, values, and practices that define a group of people. Culture can be national, ethnic, religious, or even organizational. One of the ways in which culture influences demand and supply is through consumer preferences. Consumer preferences refer to the choices that consumers make when purchasing goods and services. These choices are influenced by a variety of factors, including cultural and social factors.
For example, in some cultures, it is customary to give gifts to friends and family during certain holidays or events. This can lead to an increase in demand for gift items during these periods. In other cultures, there may be a preference for certain types of food, clothing, or other products, which can influence supply and demand for those items.
Society, on the other hand, refers to the broader social structures and institutions that shape the behavior of individuals within a culture. Society can influence demand and supply in a number of ways, including through laws and regulations, economic systems, and social norms.
For example, government regulations can impact supply and demand by restricting the production or sale of certain goods and services. In some countries, there are strict regulations on the sale of alcohol or tobacco products, which can impact the supply and demand for those products.
Similarly, economic systems can also influence supply and demand. In capitalist systems, prices are determined by supply and demand, while in socialist systems, prices may be regulated by the government. This can impact the availability and cost of goods and services, and therefore influence demand and supply.
Social norms, or the unwritten rules of behavior within a culture, can also influence demand and supply. For example, in some cultures, there is a stigma attached to second-hand goods, which can impact the demand for those products. In other cultures, there may be a preference for locally produced goods, which can influence the supply and demand for those items.
In addition to these broad cultural and societal influences, there are also more specific factors that can impact demand and supply within a particular industry or market. For example, the fashion industry is heavily influenced by cultural and social factors, such as trends and popular styles.
Demand and supply in the fashion industry can also be influenced by factors such as celebrity endorsements, social media trends, and the availability of raw materials. Similarly, the food industry can be influenced by cultural and social factors, such as dietary preferences, health concerns, and religious beliefs.
In conclusion, the relationship between culture and society and supply and demand is a complex one that is shaped by a variety of factors. Consumer preferences, government regulations, economic systems, social norms, and industry-specific factors all play a role in shaping the demand for and supply of goods and services within a particular market. As such, understanding the cultural and societal influences on demand and supply is crucial for businesses and policymakers seeking to operate within a particular market or industry.
The Influence of Culture and Society 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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