Cloud computing services are paid for based on consumption. The business model is analogous to the utility, the rental car, or the hotel industries, where users don’t own any of the infrastructure (power/cars/rooms) and pay only for the services they consume on a monthly basis. Similar to the examples mentioned, cloud computing resources are available on-demand. That’s my three sentence synopsis of the business concept behind cloud computing, but I also see it as a technical change in the way IT resources are delivered and consumed.
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Or think about it it’s easy
Entrepreneurial team is a group of experienced people from different areas of business who join together to form a managerial team with the skills needed to develop, make, and market a new product.
<h3>What is
Entrepreneurial team?</h3>
Entrepreneurial team serves as the team that come together to form a team of managers so that can carry out research to work on a new product.
They are usually from different areas of business with necessary skills for the work.
Learn more about Entrepreneurial team on:
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This is an opinion question. There's no one right answer.
Answer:
Price would increase, quantity would decrease.
Explanation:
Externalities are extra benefits or harm to other un-involved parties, without any monetary exchange for the same. Extra beneficial are positive externalities (eg - education) , extra harmful effects are negative externalities (eg pollution).
Positive Externalities have extra social benefit apart from private benefit, Negative Externalities have extra social cost apart from private cost.
Private Markets work on private benefit & cost equalisation (ignoring extra social costs/ benefits). Involving extra social cost in the negative externalities accomodates the extra social harmful effect from that commodity, increases its price & decreases its quantity. This caters to discouraging its consumption, owing to the harmful effects. Eg Alcohol.
Similarly in case of positive externality : it would include extra social benefit (beneficial impacts), reduce price & increase quantity - to encourage the positive externality good consumption
