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Economic impact of social media Assignment
Economic impact of social media Assignment
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
Economic impact of social media Assignment
Social media has revolutionized the way we communicate, share information and interact with each other. With the rise of platforms like Facebook, Twitter, Instagram, and Snapchat, people are now more connected than ever before. But the economic impact of social media is not limited to just communication and social interaction. It has also had a significant impact on business and the economy as a whole. In this essay, we will explore the economic impact of social media.
Firstly, social media has opened up new avenues for marketing and advertising. Companies can now reach their target audience more effectively and at a lower cost through social media platforms. For instance, Facebook and Instagram allow businesses to run targeted ads based on demographics, interests, and behaviors of users. This has made it easier for businesses to reach potential customers and has reduced their reliance on traditional advertising methods, such as television and print ads, which can be costly.
Secondly, social media has also created new job opportunities in various fields. Social media managers, content creators, and digital marketers are now in high demand as companies seek to establish and maintain a strong online presence. In addition, social media has also given rise to new industries such as influencer marketing, where individuals with large followings on social media platforms are paid to promote products and services.
Thirdly, social media has facilitated the growth of e-commerce. Online marketplaces like Amazon, Etsy, and Shopify have leveraged social media to reach a wider audience and generate more sales. Social media platforms also offer features like “buy” buttons and shoppable posts that make it easier for businesses to sell directly to consumers through social media. This has led to the growth of online shopping and has disrupted traditional brick-and-mortar retail.
However, social media has also had negative economic impacts. The rise of social media addiction has led to a decrease in productivity and a loss of human capital. This is because people spend more time on social media platforms instead of engaging in productive activities like work or education. In addition, the spread of fake news and misinformation on social media platforms can have negative economic consequences by influencing public opinion and decision-making.
Furthermore, social media has also led to the rise of the gig economy, where workers are employed on a short-term, contract basis, often through online platforms. While this has provided greater flexibility and autonomy for workers, it has also led to the erosion of traditional employment models, such as full-time employment with benefits. This has raised concerns about the job security and welfare of gig workers.
In conclusion, social media has had a significant economic impact, both positive and negative. While it has created new opportunities for businesses, marketers, and job seekers, it has also had negative effects, such as decreased productivity, the spread of fake news, and the erosion of traditional employment models. Therefore, it is important to continue to monitor and assess the economic impact of social media and to develop strategies to mitigate its negative effects.
Economic impact of social media Assignment
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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