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What are the five phases of systems analysis?
Former Soviet Union
The socialist state that existed from 1922 to 1991, comprised of Russia and several other republics, which disbanded, leading to the formation of independent countries.
Externalities
Economic side effects or consequences of commercial activities that affect other parties without being reflected in the cost of the goods or services involved.
Market Failure
A less than efficient allocation of resources.
Public Goods
Public goods refer to commodities or services that are made available to all members of a society, typically funded by the government, and characterized by non-excludability and non-rivalry in consumption.
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