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Figure 2-12

Figure 2-12 ​    ​ ​ ​ ​ ​ -Suppose a war in the Middle East interrupts the flow of crude oil and oil prices skyrocket around the world. For economists, this historical episode serves as a




-Suppose a war in the Middle East interrupts the flow of crude oil and oil prices skyrocket around the world. For economists, this historical episode serves as a


Definitions:

Mainframes

Powerful computers used primarily by large organizations for critical applications, bulk data processing such as census, industry and consumer statistics, enterprise resource planning, and financial transaction processing.

Large Enterprises

Corporations or business entities that operate on a large scale, typically characterized by a significant number of employees or large revenue.

Extensive Computing Applications

Software applications characterized by their comprehensive scope, significant processing power, or capability to handle large amounts of data.

Communication Technologies

Tools and platforms that enable the electronic exchange of information (text, audio, video, etc.) across distances, such as email, social networks, and video conferencing.

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