Subscription pricing
passage 3
P1
Because the market system enables entrepreneurs and investors who develop new technology to reap financial rewards from their risk of capital, it may seem that the primary result of this activity is that some people who have spare capital accumulate more. ███
Intro topic ·
Tech developments in market system
Might seem that main result of new tech is rich get richer.
P2
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Author's perspective ·
Tech developments are a democratizing force
They bring benefits to the masses.
Example 1 ·
Printing press
Gave people in general access to written material. Before printing press, only accessible to a few people.
Example 2 ·
Computers and internet
Gives people computing power that only high-level scientists used to have.
Example 3 ·
Broadcast technology
Gives widely accessible entertainment options.
Example 4 ·
Communication technology
Telephone, cheap mail, e-mail -- all expand access to communication.
P3
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Causal mechanism ·
Market system causes spreading of benefits by driving prices down
Business owners want to make money, which means they need to expand their customer base. This requires lowering prices, which expands access to technology.
Passage Style
Single position
16.
Which one of the following ████ ███ ███████ ████████ ██ █████ █ ██████ ██ █ █████████████ ████████████
a
burgeoning scientific research
b
educational uses of ████████████
c
widespread exchange of █████████ █████
d
faster means of ██████
e
increased access to █████████