In the Evolution of Database Technology,third-Generation Systems Are Known as ______________

question 54

Short Answer

In the evolution of database technology,third-generation systems are known as ______________ DBMSs because their foundation is based on mathematical relations and associated operators.

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Definitions:

Resource Extraction

The process of retrieving raw materials from the Earth for human use, such as mining, drilling, or harvesting.

Profit-Maximizing Firms

Businesses that aim to achieve the highest possible profit from their operations.

Market Failure

The inability of a market to bring about the allocation of resources that best satisfies the wants of society; in particular, the overallocation or underallocation of resources to the production.

Property Rights

Legal rights to possess, use, and dispose of assets such as land, buildings, goods, or intellectual property.