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List the two basic components of a global information system (GIS).
Producer Surplus
The differentiation between the amount at which producers are content to sell a good or service and their actual revenue.
Deadweight Loss
A loss of economic efficiency that can occur when the equilibrium for a good or service is not achieved or is not achievable through market means, often due to market failures or intervention.
Demand Curve
A visual display that illustrates the connection between a product's price and the amount consumers want to buy over a specified time frame.
Supply Curve
A graphical representation showing the relationship between the price of a good and the quantity supplied, usually illustrating an upward slope.
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