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In Virtual Centers of Excellence,the Core Individuals Live and Work

question 53

True/False

In virtual centers of excellence,the core individuals live and work around the world and keep in touch through electronic means and meetings.


Definitions:

Market Equilibrium

A state where the quantity of goods or services supplied is equal to the quantity demanded at a particular price.

Standard Of Living

The scale of monetary assets, amenities, worldly possessions, and survival necessities allotted to a distinct class or demographic region.

Market Shortage

A situation where the demand for a product exceeds its supply in the market, leading to scarcity.

Equilibrium Price

The price at which the supply of an item equals the demand for it, resulting in no excess supply or demand.

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