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A Machine Learning Specialist working for an online fashion company wants to build a data ingestion solution for the company's Amazon S3-based data lake. The Specialist wants to create a set of ingestion mechanisms that will enable future capabilities comprised of: Real-time analytics Interactive analytics of historical data Clickstream analytics Product recommendations Which services should the Specialist use?
Opportunity Cost
The expense incurred by not choosing the second-best option when making a decision.
Scarcity
The basic economic issue arises from endless human desires and needs in a context of scarce resources.
Full Production
The level of production where a company or economy is maximizing its use of resources and operating at its highest efficiency.
Full Employment
Refers to the condition in the labor market where virtually all who are willing and able to work at prevailing wage rates are employed.
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