Examlex
What are the components of a Web application?
Equity
The value of an ownership interest in property, including shareholders' equity in a corporation, representing the residual value to shareholders after debts and liabilities have been settled.
Efficiency
The ability to accomplish or produce a desired result with the minimum amount of waste, effort, or inefficiency.
Trade-Off
A scenario where one characteristic or element is sacrificed to acquire a different characteristic or element.
Price System
The price system is the mechanism through which prices are determined for goods and services in an economy, facilitating the allocation of resources, signaling what to produce and consume, and coordinating economic activity.
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