The Digital Revolution Has Placed a Whole New Set of Capabilities

question 74

Essay

The digital revolution has placed a whole new set of capabilities in the hands of consumers and businesses. Describe the advantages that you as a consumer have today that your parents or grandparents didn't have.

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Definitions:

Sociologists

Experts in sociology, the study of society, social institutions, and social relationships, focusing on understanding patterns of social behavior and organizational structure.

Protestant Ethic

A concept relating to the values of hard work, thrift, and efficiency in one's worldly calling, attributed to the rise of the capitalist economy, particularly associated with the teachings of Protestantism.

Worldly Affairs

Matters concerning the temporal world as opposed to spiritual or religious matters; often related to international relations or global issues.

Capitalism

An economic system characterized by private or corporate ownership of goods and services, and where investments, production, and distribution of goods are determined by competition in a largely unregulated marketplace.