Basic Types of IT Are __________ Because Companies Need to Function,but

question 13

Essay

Basic types of IT are __________ because companies need to function,but they do not provide a special advantage.

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Definitions:

Government

A system or group of people governing an organized community, often a state, and set policies, laws, and regulations.

Private Markets

Markets where transactions occur directly between parties without significant regulatory oversight, often avoiding public exchanges.

Public Goods

Goods that are non-excludable and non-rivalrous, meaning they can be consumed by anyone and one person’s consumption doesn’t reduce availability to others.

Free-riders

Individuals who benefit from resources, goods, or services without paying for them, often seen in public goods and collective risk scenarios.