What Is the Difference Between Synchronous Communication and Asynchronous Communication

question 65

Essay

What is the difference between synchronous communication and asynchronous communication?

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Definitions:

Transaction Costs

Expenses incurred when buying or selling goods and services, which can include fees, taxes, and other costs.

Externality Problem

A situation where the actions of individuals or businesses result in benefits or costs to others that are not reflected in market prices.

Negative Externality

A cost that affects a party who did not choose to incur that cost, often leading to market failures when not properly accounted for.

Sierra Club

An environmental organization that promotes the conservation of natural environments and influences public policy through advocacy and education.