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Electronic Technologies Have Made It Possible to Settle Disputes Online

question 14

True/False

Electronic technologies have made it possible to settle disputes online.However,arbitration is not possible in electronic dispute resolution.


Definitions:

Market Price

The current price at which an asset or service can be bought or sold in a marketplace.

User Costs

The costs incurred by the use of a product or service, including wear and tear, opportunity cost of capital, and maintenance.

Extraction Quantity

The amount of natural resources or raw materials removed from the environment for use or sale.

Institutional Intervention

Actions taken by organizations or institutions to address or rectify a particular problem or issue.

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