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One of the advantages of cloud-based hosting, as long as it is with reputable organizations, is receiving the best-of-breed security.
Pareto Optimal
A situation where resources are distributed in such a way that improving one person's condition inevitably leads to the detriment of another individual.
Public Goods
Items or services that are non-excludable and non-rivalrous, meaning they can be used by anyone without diminishing their availability to others.
Private Consumption
The totality of goods and services consumed by private individuals, as opposed to those consumed by the government or businesses.
Marginal Products
The additional output that is produced by adding one more unit of a specific input, holding all other inputs constant.
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