Explain the Three Components of an Information MIS Architecture

question 15

Essay

Explain the three components of an information MIS architecture.

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Definitions:

Deadweight Loss

An economic inefficiency occurring when a market outcome does not maximize total surplus due to a distortion, like a tax or subsidy.

Tariff

A tax imposed by a government on imported goods, typically to protect domestic industries or to generate revenue.

Domestic Consumers

Persons or households in a nation acquiring goods and services for individual consumption.

Surplus

An excess of what is needed, often referring to goods, funds, or resources beyond what is used.