What Are the Different Types of Information Systems

question 55

Essay

What are the different types of information systems?

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Definitions:

Import Automobiles

The act of bringing cars into a country from abroad for use or sale.

Gains From Trade

The benefit that economies and individuals receive from the voluntary exchange of goods and services beyond what they could produce themselves.

Tariff Revenue

Tariff Revenue is the income generated from duties imposed by a government on imported goods, which is often used as a tool for economic policy.

International Specialization

The economic strategy of a country focusing its resources on producing goods and services it can produce most efficiently for exchange with others.