The table below shows the quantity demanded (in thousands) and quantity supplied (in thousands) of computers in the U.S. and Canada at different prices.Table 20.5
-Developing countries can be expected to have a comparative advantage in industries requiring a relatively large amount of skilled labor.
Definitions:
DSS
Stands for Decision Support System, a computer-based information system that supports business or organizational decision-making activities.
TPS
A Transaction Processing System is an information system designed to gather, store, alter, and recover an organization's transaction data.
PLM
Product Lifecycle Management, a systematic approach to managing the series of changes a product goes through, from its design and development to its ultimate disposal.
CIM
Computer-Integrated Manufacturing, an approach to manufacturing that involves the use of computers to control the entire production process, from design and manufacturing to product delivery.
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