The Approach in Which Companies Use Their Own Servers and Server

question 34

Short Answer

The approach in which companies use their own servers and server software to do business online is known as _____.

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Definitions:

Standard of Living

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

Public Good

A good that is non-excludable and non-rivalrous, meaning that one person's consumption does not reduce its availability to others and people cannot be prevented from using it.

Communist Governments

Government systems where the state owns and controls all major aspects of the economy, aiming for classless society and elimination of private property.

Circular Flow Diagram

A visual model of the economy that shows how dollars flow through markets among households and firms.