Examlex
_________ refers to systems development that is done by a third party or vendor.
Private-Sector Coercion
The exertion of pressure or compulsion on individuals or entities by private organizations or businesses, rather than by governments.
Market Economy
An economic system in which production and prices are determined by unrestricted competition between privately owned businesses, without substantial government intervention in the form of price controls.
Economic Efficiency
A situation where all resources are optimally allocated to serve each individual or entity in the best way while minimizing waste and inefficiency.
Private-Sector Risk
The risk associated with the non-governmental sector, encompassing uncertainties in business environments, market dynamics, and financial operations.
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