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Prototyping is best applied late in the systems development life cycle.
Positive Statement
An objective statement based on facts and evidence that can be tested and verified, focusing on describing "what is".
Economic Policy
Strategies and actions taken by the government to influence its economy, including policies on spending, taxation, and regulation.
Goal
An objective or desired outcome that an individual or organization aims to achieve within a specific timeframe.
Economic Models
Simplified representations of complex economic processes, used to predict and analyze economic behaviors and outcomes.
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