Discuss the Components, Hardware and Software of a Computer-Integrated Manufacturing

question 27

Essay

Discuss the components, hardware and software of a Computer-Integrated Manufacturing System (CIMS).

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Definitions:

Consumption Function

A formula in economics showing how total consumption is related to the gross national income.

Aggregate Income

The total income earned by individuals and businesses in an economy over a specific period, before taxes.

Aggregate Income

The total amount of income earned by individuals and businesses within an economy.

Consumption Function

An economic equation that illustrates the connection between gross national income and total consumption levels.