Examlex
For the production segments of firms using __________ technology such as auto assembly plants and canneries,IT can be linked to total quality management programs and be embedded in the machinery.
Government Failures
Occur when government intervention in the economy leads to inefficiencies, misallocation of resources, or negative outcomes contrary to the intended goals.
Market Failures
Situations where the allocation of goods and services by a free market is not efficient, often justifying government intervention.
Economic Activities
Actions that involve the production, distribution and consumption of goods and services at all levels within a society.
Legal Right
An entitlement or justified claim enforceable by law, providing individuals or groups with autonomy or protection in certain aspects of their lives.
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