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How does a global information system (GIS)play an important role in supporting offshore outsourcing?
Property Rights
Legal rights to possess, use, and dispose of assets, including real estate, intellectual property, or physical goods, crucial for the functioning of markets and economies.
Government Regulation
Rules and guidelines established by the government aimed at influencing or controlling certain activities within the society or economy.
Total Surplus
The total net gain to society from a market transaction, which is the combination of consumer surplus and producer surplus.
Consumer Surplus
The gap between the aggregate amount buyers are willing and able to spend for a good or service, versus what they actually spend.
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