LSAT 125, Section 3, RC Passage 3, Technological Benefits

RC Passage 3 Explanation

PASSAGE TEXT: Because the market system enables entrepreneurs and investors who develop new technology to …

Paragraph Summaries

1. Although new technology can make some investors wealthy, it also benefits society as a whole. Over time, technology under a market system makes resources more available to more people.
2. Technological advances like the printing press, computers, entertainment, and communication tools have expanded access to things that were once limited to the wealthy. These developments have made information, knowledge, and connection more equal across society.
3. The spread of technology happens because markets encourage businesses to reach more customers. Competition pushes companies to lower prices, making new technology available to more people.

Analysis

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