Portability Describes How Well a System Can Scale Up, or Adapt

question 88

True/False

Portability describes how well a system can scale up, or adapt to the increased demands of growth.

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Definitions:

Budget Line

A graphical representation of all possible combinations of two goods that a consumer can afford with their income level.

Production Possibilities Curve

A graphical representation that shows the maximum number of goods or services that can be produced using limited resources.

Full Employment

A situation in which all available labor resources are being used in the most economically efficient way, often characterized by the absence of cyclical unemployment.

Entrepreneur

An individual who takes on the risk of starting and managing a business venture to achieve financial returns or other personal objectives.