Because Computer Hardware Is So Much More Expensive Than Software,businesses

question 99

True/False

Because computer hardware is so much more expensive than software,businesses should first decide what type of hardware to buy;then purchase software that is compatible with the hardware.

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Definitions:

Economic Reforms

Refers to changes implemented to improve an economy by modifying policies, regulations, and institutions.

Market Oriented Economy

An economic system where decisions on production and consumption of goods and services are based on voluntary exchange in markets, with minimal government intervention.

State Would Wither Away

A Marxist theory suggesting that after the establishment of a classless society, the need for a government or state will diminish and eventually disappear.

Capitalists

Individuals or entities that own capital goods or investments and use them to generate wealth through production, distribution, and the sale of goods and services.