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The virtual elimination of software-upgrade cycles makes everything a perpetual ________ , or work in progress, and allows rapid prototyping, using the Web as an application development platform.
Labor
Human effort, both physical and mental, used in the production of goods and services.
Production Possibilities
The various combinations of goods and services that can be produced from a fixed set of resources.
Circular-Flow Diagram
An economic model depicting how money, goods, and services move through an economy between households and firms.
Economy
An organized system of production, distribution, and consumption of goods and services within a specific geographical area, involving various agents and market forces.
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