The Internet Is a Global Network Comprised of Thousands of Interconnected

question 119

True/False

The Internet is a global network comprised of thousands of interconnected individual networks that communicate with each other through transmission control protocol/internet protocol (TCP/IP).

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Definitions:

Institutional Elements

Components of a society's system, including laws, regulations, norms, and conventions that shape economic and social interactions.

Property Rights

This term denotes the legal rights to own, use, and dispose of assets. It's a foundational element of market economies, affecting the allocation and use of resources.

Standards of Living

The level of wealth, comfort, material goods, and necessities available to a certain socioeconomic class or geographic area.

Developing Countries

Countries with a low living standard because of less human and physical capital per worker; typified by high rates of illiteracy, high unemployment, high fertility rates, and exports of primary products; also known as low-income and middle-income economies