Affect on Social and Economic Standards Term Paper

Open, View, and/or
Download this Document

Total Length: 990 words ( 3 double-spaced pages)

Total Sources: 1+

Page 1 of 3

Business on Social Standards

It is often said that air, water, food, clothing, and shelter are the basic needs for human survival. However, while this statement may be fundamentally true, the fact is that the structure of modern day economies has resulted in expanding basic human needs to include a whole host of products and services. Indeed, this is evident in the manner in which the average consumer sees yesterday's luxuries as today's essential comforts or even necessities of life. Further, since modern economies depend on continuously increasing the demand for products and services, it can be well argued that business has become the main driving force behind the evolution of not just economic standards but social ones as well.

Trade and commerce have always been central to the functioning and progress of human society down the ages. This fact is apparent in virtually all chronicles of human history, which record the details of human endeavor to prosper through trade of existing resources or the creation of new ones. In fact, the human quest to seek a better quality of material life has historically been a primary force behind many a war and political philosophy such as colonialism: "Colonialism is a system in which a state claims sovereignty over territory and people outside its own boundaries, often to facilitate economic domination over their resources, labor, and markets." (thefreedictionary.com, 2004)

Interestingly, it appears that economic domination has always necessitated exercising social influence over sovereign and non-sovereign markets in order to create demand for finished goods that may or may not be integral to the culture of various regions.

Stuck Writing Your "Affect on Social and Economic Standards" Term Paper?

View All Our Example Affect on Social and Economic Standards Term Paper

Have A Custom Example Essay Written

Indeed, this is perhaps one major reason why the colonial powers often attempted to impose their social mores and beliefs on the colonized nations (thefreedictionary.com, 2004). Of course, certain practicalities of trade also necessitated transfer, imposition or adoption of social norms such as language, custom and etiquette particularly in instances where one nation's sovereignty had been hijacked by another. Thus, it appears that the very logistics of economics or business involves affecting the social standards of markets in order to create demand or to conduct trade.

The degree to which business must affect social standards and values in order to prosper and grow has, however, accelerated with the advent of industrialization, mass production, democracy, capitalism and globalization. Indeed, the evolution and progress of human civilization, while undoubtedly enhancing the quality of human life, has also made the world of business a fiercely competitive one, necessitating the aggressive fuelling of consumer demand through marketing techniques.

Thus, the marketing of various goods and services by business has led to consumerist societies whose inhabitants constantly seek to increase their levels of income in order to support higher levels of consumption. Consider, for instance, the fact that, as recently as a few years ago, the cell phone was perceived as an expensive communication device that largely benefited business executives. Today, it is seen as a necessary personal communication device that….....

Show More ⇣

     Open the full completed essay and source list


OR

     Order a one-of-a-kind custom essay on this topic


sample essay writing service

Cite This Resource:

Latest APA Format (6th edition)

Copy Reference
"Affect On Social And Economic Standards" (2004, October 12) Retrieved July 3, 2025, from
https://www.aceyourpaper.com/essays/affect-social-economic-standards-56656

Latest MLA Format (8th edition)

Copy Reference
"Affect On Social And Economic Standards" 12 October 2004. Web.3 July. 2025. <
https://www.aceyourpaper.com/essays/affect-social-economic-standards-56656>

Latest Chicago Format (16th edition)

Copy Reference
"Affect On Social And Economic Standards", 12 October 2004, Accessed.3 July. 2025,
https://www.aceyourpaper.com/essays/affect-social-economic-standards-56656
   

Open, View, and/or
Download this Document
order custom essay example