List at Least Two Ways That a Business's Data Can

question 7

Essay

List at least two ways that a business's data can become redundant or inconsistent.

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Definitions:

Trade Surpluses

A situation in which a country's exports exceed its imports, indicating a positive balance of trade.

Precious Metals

Metals of high economic value, such as gold, silver, and platinum, often used for investment or as currency.

Price Level

The average of current prices across the entire spectrum of goods and services produced in the economy.

Government Spending

Government spending involves expenditures by government bodies on public services, infrastructure, defense, social welfare, and more, impacting the economy’s overall fiscal stance.