It May Be Necessary to Create A(n) ________ If the New

question 3

Short Answer

It may be necessary to create a(n) ________ if the new system will involve a new database or extensive changes to an existing database.

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Definitions:

Market Economy

An economic system where supply and demand from consumers determine the production of goods and services rather than government intervention.

Economy's Performance

An evaluation of how well an economy is doing, commonly measured by indicators such as GDP growth, unemployment rates, and inflation.

Scarcity

The basic economic issue arises from the infinite human desires facing a scarcity of resources in the world.

Limited Resources

The finite availability of resources such as time, money, and materials, which necessitates choices about their allocation.