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Considering the Third World countries, in what ways has technology been misapplied? What has resulted from these miscalculations?
Lump-Sum Payment
A one-time payment made for a particular item or service, rather than payments spread over time.
Monopsony Power
A market condition where there is only one buyer, giving them the power to influence prices and terms.
Personal Computer Market
A segment of the consumer electronics industry that deals with the manufacturing, distribution, and sale of personal computers and related products.
Computer Components
The physical parts or elements of a computer system, like the CPU, RAM, and hard drive.
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