Examlex
Match the SDLC phase to the appropriate definition.
-Build/Buy
Market Economy
An economic system where supply and demand from consumers and businesses drive economic decision-making and the allocation of resources.
Economic Decisions
Choices made by individuals, firms, or governments regarding allocation of resources to satisfy needs and desires.
Laissez-Faire Economy
An economic system in which transactions between private parties are free from government intervention such as regulation, privileges, tariffs, and subsidies.
Self-Interest
An individual’s personal gain; the drivers of economic behavior assuming that individuals act in pursuit of their own best interests.
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