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Describe the Functions of Data Warehouses and the Need for Them

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Describe the functions of data warehouses and the need for them.


Definitions:

Decreasing Marginal Utility

The economic principle stating that as a person increases consumption of a product, there is a decline in the marginal utility that person derives from consuming each additional unit of that product.

Redistribution

The process of reallocating income, wealth or resources from certain groups within society to others, often through taxation and welfare systems.

John Stuart Mill

A British philosopher and economist known for his contributions to utilitarianism and political economy.

Utilitarian Justice

A concept in ethics focusing on the greatest good for the greatest number of people as the criterion of justice.

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