What Are Some Circumstances Under Which System Development May Be

question 11

Essay

What are some circumstances under which system development may be required?

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Definitions:

Tariffs

Taxes imposed by a government on imported or exported goods to regulate trade, often used to protect domestic industries from foreign competition.

Merchandise Trade Deficit

The situation that occurs when a country imports more goods than it exports, leading to a negative trade balance.

European Union

A political and economic union of 27 European countries that are located primarily in Europe, aiming to ensure peace, prosperity, and freedom of movement.

Brazil

Brazil is the largest country in South America and the fifth largest in the world, known for its diverse culture and strong economy.