The market for the luxury-goods industry is on the decline. Recent reports show that a higher unemployment rate, coupled with consumer fears, has decreased the amount of money the average household spends on both essential and nonessential items, but especially on nonessential items. Since luxury goods are, by nature, nonessential, this market will be the first to decrease in the present economic climate, and luxury retailers should refocus their attention to lower-priced markets.
The argument that luxury-goods market will be the first to decrease in the present economic climate is not entirely logically convincing as it ignores certain important assumptions.
First, the argument is based on a report but fails to show the number of households that were included in the report. The reports might have focused on small number of households which will therefore render the argument invalid for a larger percentage of households around the world.
Secondly, the argument also did not show whether the report were conducted in a developed community or a less developed community. In case of a less developed community, their is high rate of poverty which will explain the unemployment rate and the decrease in the amount of money the average household spent on nonessential items. On the other hand, report from a developed community will most likely show a different data as high class household spends a lot on luxury and comfort.
In addition, the argument failed to mentioned whether or not the reports were from upper, middle or lower class family. If the majority of the reports were from lower class family then certainly, the argument will not hold true due to the fact that family in this class will surely focus their limited resources on the essential items.
Finally, the arguments omits the period in which the report was recorded. If the period was, for example, war period which people were just focused on surviving or during the great the recession when there was general economic meltdown whereby only the essential items was needed because people have to ration food and shelter they can afford.
Thus, the argument is not completely sound. There is not enough logical evidence to support the assumption that luxury-goods market will be the first to decrease in the present economic climate since the argument failed to address the already raised assumptions. Ultimately, the argument might have been strengthened if the author could have shown important statistic involved in the report, for example, the total number of household that was reported, the social class of each household, the period in which the report was recorded and the type of community that was report was conducted in.
| Post date | Users | Rates | Link to Content |
|---|---|---|---|
| 2022-06-02 | alex.ogundipe@yahoo.com | 58 | view |
| 2021-12-22 | Abdulhafeez | 53 | view |
| 2021-11-01 | Adedayobello | 55 | view |
| 2021-08-28 | Ruth Ogboye | 60 | view |
| 2020-10-24 | Adams | 60 | view |
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- The market for the luxury goods industry is on the decline Recent reports show that a higher unemployment rate coupled with consumer fears has decreased the amount of money the average household spends on both essential and nonessential items but especial 53
Comments
e-rater score report
Attribute Value Ideal
Final score: 3.0 out of 6
Category: Satisfactory Excellent
No. of Grammatical Errors: 8 2
No. of Spelling Errors: 3 2
No. of Sentences: 13 15
No. of Words: 367 350
No. of Characters: 1828 1500
No. of Different Words: 167 200
Fourth Root of Number of Words: 4.377 4.7
Average Word Length: 4.981 4.6
Word Length SD: 2.518 2.4
No. of Words greater than 5 chars: 141 100
No. of Words greater than 6 chars: 100 80
No. of Words greater than 7 chars: 70 40
No. of Words greater than 8 chars: 44 20
Use of Passive Voice (%): 0 0
Avg. Sentence Length: 28.231 21.0
Sentence Length SD: 12.367 7.5
Use of Discourse Markers (%): 0.923 0.12
Sentence-Text Coherence: 0.396 0.35
Sentence-Para Coherence: 0.449 0.50
Sentence-Sentence Coherence: 0.115 0.07
Number of Paragraphs: 2 5
Grammar and spelling errors:
Line 3, column 171, Rule ID: THEIR_IS[1]
Message: Did you mean 'there'?
Suggestion: there
... In case of a less developed community, their is high rate of poverty which will expl...
^^^^^
Line 4, column 47, Rule ID: WHETHER[7]
Message: Perhaps you can shorten this phrase to just 'whether'. It is correct though if you mean 'regardless of whether'.
Suggestion: whether
...ition, the argument failed to mentioned whether or not the reports were from upper, middle or ...
^^^^^^^^^^^^^^
Line 5, column 87, Rule ID: WHITESPACE_RULE
Message: Possible typo: you repeated a whitespace
Suggestion:
...h the report was recorded. If the period was, for example, war period which peopl...
^^
Line 7, column 112, Rule ID: WHITESPACE_RULE
Message: Possible typo: you repeated a whitespace
Suggestion:
... evidence to support the assumption that luxury-goods market will be the first to...
^^
Transition Words or Phrases used:
also, but, finally, first, if, second, secondly, so, then, therefore, thus, for example, in addition, on the other hand
Attributes: Values AverageValues Percentages(Values/AverageValues)% => Comments
Performance on Part of Speech:
To be verbs : 21.0 19.6327345309 107% => OK
Auxiliary verbs: 11.0 12.9520958084 85% => OK
Conjunction : 9.0 11.1786427146 81% => OK
Relative clauses : 12.0 13.6137724551 88% => OK
Pronoun: 11.0 28.8173652695 38% => OK
Preposition: 43.0 55.5748502994 77% => OK
Nominalization: 13.0 16.3942115768 79% => OK
Performance on vocabulary words:
No of characters: 1869.0 2260.96107784 83% => OK
No of words: 367.0 441.139720559 83% => More content wanted.
Chars per words: 5.09264305177 5.12650576532 99% => OK
Fourth root words length: 4.37689890912 4.56307096286 96% => OK
Word Length SD: 2.58621434324 2.78398813304 93% => OK
Unique words: 172.0 204.123752495 84% => More unique words wanted.
Unique words percentage: 0.468664850136 0.468620217663 100% => OK
syllable_count: 590.4 705.55239521 84% => OK
avg_syllables_per_word: 1.6 1.59920159681 100% => OK
A sentence (or a clause, phrase) starts by:
Pronoun: 1.0 4.96107784431 20% => OK
Article: 12.0 8.76447105788 137% => OK
Subordination: 2.0 2.70958083832 74% => OK
Conjunction: 0.0 1.67365269461 0% => OK
Preposition: 3.0 4.22255489022 71% => OK
Performance on sentences:
How many sentences: 13.0 19.7664670659 66% => Need more sentences. Double check the format of sentences, make sure there is a space between two sentences, or have enough periods. And also check the lengths of sentences, maybe they are too long.
Sentence length: 28.0 22.8473053892 123% => The Avg. Sentence Length is relatively long.
Sentence length SD: 75.4373441964 57.8364921388 130% => OK
Chars per sentence: 143.769230769 119.503703932 120% => OK
Words per sentence: 28.2307692308 23.324526521 121% => OK
Discourse Markers: 9.15384615385 5.70786347227 160% => OK
Paragraphs: 6.0 5.15768463074 116% => OK
Language errors: 4.0 5.25449101796 76% => OK
Sentences with positive sentiment : 4.0 8.20758483034 49% => More positive sentences wanted.
Sentences with negative sentiment : 9.0 6.88822355289 131% => OK
Sentences with neutral sentiment: 0.0 4.67664670659 0% => More facts, knowledge or examples wanted.
What are sentences with positive/Negative/neutral sentiment?
Coherence and Cohesion:
Essay topic to essay body coherence: 0.202540597782 0.218282227539 93% => OK
Sentence topic coherence: 0.0803122583535 0.0743258471296 108% => OK
Sentence topic coherence SD: 0.0565077325352 0.0701772020484 81% => OK
Paragraph topic coherence: 0.108211467767 0.128457276422 84% => OK
Paragraph topic coherence SD: 0.0558019010272 0.0628817314937 89% => OK
Essay readability:
automated_readability_index: 16.7 14.3799401198 116% => OK
flesch_reading_ease: 43.06 48.3550499002 89% => OK
smog_index: 8.8 7.1628742515 123% => OK
flesch_kincaid_grade: 14.2 12.197005988 116% => OK
coleman_liau_index: 12.54 12.5979740519 100% => OK
dale_chall_readability_score: 8.47 8.32208582834 102% => OK
difficult_words: 80.0 98.500998004 81% => More difficult words wanted.
linsear_write_formula: 12.0 12.3882235529 97% => OK
gunning_fog: 13.2 11.1389221557 119% => OK
text_standard: 13.0 11.9071856287 109% => OK
What are above readability scores?
---------------------
Rates: 66.67 out of 100
Scores by essay e-grader: 4.0 Out of 6
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Note: the e-grader does NOT examine the meaning of words and ideas. VIP users will receive further evaluations by advanced module of e-grader and human graders.