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Describe two applications of spatial analysis using GIS (to solve real-world problems or concerns).
Imperfect Price Signals
Situations in which prices do not fully reflect all the relevant information, leading to inefficiencies or misallocations in the market.
Actual Cost
The total expenditure incurred in the production of goods or services, including all direct and indirect costs.
Society
A large group of people living together in a more or less ordered community, sharing customs, laws, and organizations.
Less Developed Countries
Nations with a lower level of material well-being, often characterized by low GDP per capita, poor infrastructure, and a high level of poverty.
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