Collectively, Web 2

question 199

Short Answer

Collectively, Web 2.0 applications are commonly referred to as ________________ because they have made it possible for large scale, interactive communications and collaboration between organizations and consumers, employees and other users.

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Definitions:

Demand Curve

A graph showing the relationship between the price of a good or service and the quantity demanded by consumers at those prices.

Loanable Funds

The funds in financial systems available for borrowing, which consist of household saving, business saving, government budget surpluses, and bank loans.

Loan Period

is the duration over which a borrower is obligated to repay a loan, from the initiation of the loan to the final payment.

Interest Rate

The amount charged by a lender to a borrower for the use of assets, expressed as a percentage of the principal, usually on an annual basis.