The Development of Low-Cost Computing Platforms and Communication Technologies Is

question 37

True/False

The development of low-cost computing platforms and communication technologies is an economic change brought about by the globalization enabled by information technology.

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Definitions:

Welfare Benefits

Government-provided support to individuals or families, especially those with low incomes, in the form of financial aid or services.

Gross Private Domestic Investment

The total capital investment in an economy by private sector entities, excluding government spending.

Durable Goods

Goods not for immediate consumption that can be used over a period of time, such as appliances, cars, and furniture.

Business Inventories

The stocks of goods and materials that firms hold for the purpose of sale or input into production, often used to meet consumer demand or continue production.