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List and Describe (3) Reasons Why IT Staff Are Now

question 40

Essay

List and describe (3) reasons why IT staff are now expected to act as leaders, regardless of their official job titles.


Definitions:

Socially Desirable

Actions or policies that are beneficial for society as a whole, often considering long-term benefits over short-term gains.

Producer Surplus

The difference between the amount that producers are willing to sell a good for and the actual amount received by them after selling it.

Price Floor

A government-imposed minimum price charged for a product, above which market transactions may legally occur.

Equilibrium Price

The price at which the quantity of a good or service demanded equals the quantity supplied, naturally established in a free market.

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