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In Automation, _____ Are the Parts of the System That

question 58

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In automation, _____ are the parts of the system that gather information and compare it to preset standards.


Definitions:

World Price

The global market price of a commodity, determined by international supply and demand.

Domestic Price

The price of goods or services within a country's borders, which can be influenced by local supply and demand factors.

Domestic Supply

The total amount of goods and services produced within a country's borders that are available for consumption or export.

Domestic Demand

The total demand for goods and services within a country's borders.

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