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Explain why the production possibilities frontier has a bowed out shape rather than a straight line?
Modular Platform
A design approach where components or systems can be easily interchanged and integrated, enhancing flexibility and scalability.
Virtual Organization
An organizational structure that operates through digital collaboration among geographically dispersed members, relying on technology rather than physical offices.
Information Technology
The use of computers, storage, networks, and other physical devices, infrastructure and processes to create, process, store, secure, and exchange all forms of electronic data.
Physical Space
The tangible, three-dimensional environment in which objects and events occur and have relative position and direction.
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