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Explain the Difference Between File-Oriented Transaction Processing Systems and Relational

question 50

Essay

Explain the difference between file-oriented transaction processing systems and relational database systems.Discuss the advantages and disadvantages of each system.


Definitions:

Price Elasticity

A measure of the responsiveness of the quantity demanded or supplied of a good or service to a change in its price.

Total Revenue

The total income received by a company from its sales of goods or services, calculated without deducting any costs or expenses.

Price Range

The spread between the highest and lowest selling price of a commodity or service over a certain period of time, reflecting its market volatility or stability.

Elasticity of Demand

A determination of the responsiveness of consumer interest in a good due to price fluctuations.

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