Examlex
While information systems were once used primarily to automate manual processes, they have transformed the nature of work and the shape of organizations themselves.
Inelastic Demand
A situation where the demand for a product does not change significantly in response to a change in its price.
Income Elasticity
A measure that shows how a change in income affects the demand for a good or service.
Recession
A significant decline in economic activity spread across the economy, lasting more than a few months, visible in real GDP, real income, employment, industrial production, and wholesale-retail sales.
Plasma Screen
A type of display technology used in televisions and computer monitors, known for its bright, clear images and wide viewing angles.
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