All GISs Are Made Up of Only Two Components: a Global

question 69

True/False

All GISs are made up of only two components: a global database and a global network.

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Definitions:

Goods And Services

Physical products and intangible activities that fulfill the wants or needs of consumers and can be offered in a market for acquisition.

Markets For Factors

Markets where factors of production like land, labor, and capital are bought and sold.

Labor Exchange

The process whereby workers and employers connect or interact to facilitate employment, often mediated by a platform or agency.

Income

Monetary gains received consistently from either occupational efforts or investments.