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5 Cards in this Set
- Front
- Back
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What are production costs? |
The costs associated with some value are production costs. Primarily activity costs |
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What are coordination costs? |
The cost of coordinating the activity of multiple actors, such as in the exchange of goods and services, is a coordination cost.Primarily data and information costs. . coordination cost.Primarily data and information costs. coordination cost.Primarily data and information costs. Primarily data and information costs. |
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Why is ICT so embedded withing the global economic system? |
Because ICT can be used tohelp reduce coordibation costs.. particularly within markets.
ICT can also help reduce certain production costs for certain types of value. |
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What is eCommerce? |
Any ICT enablement of commerical activity. |
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Key points. |
- ICT is critically embedded in much of modern life. - ICT supports economuc systems in managing exchange activity and reducing coordination costs. - Many of the activities we participate in within society rely upon ICT enablement. - Our personal data is a critical resource that must be protected. - Many individuals are excluded from aspects of the digital society. - Democracy as an institution is increasingly imoacted by ICT and its application. - The activity of governing the modern state is heavily reliant upon ICT infrastructure. |
