Define the Cloud, and Discuss Its Attributes

question 64

Essay

Define the cloud, and discuss its attributes.

---

Definitions:

Negotiation

The process by which two or more parties communicate and ideally reach an agreement or compromise on a matter of mutual interest.

National Output

The total value of all goods and services produced within a country's borders in a given time period, often referred to as Gross Domestic Product (GDP).

Consumer Goods

Goods produced and purchased for personal or household consumption rather than for manufacturing or resale.

Competitive System

An economic system where multiple businesses or entities vie for the same market share, promoting innovation and consumer choice.