*1A.)*
1. Lack of double
coincidence of wants
2. Lack of common
measure of value
3. Lack of standard of
deferred payment:
4. Difficulty in storing
wealth (or generalised
purchasing power)
5. Indivisibility of
goods
==================
*1B.)*
*I)*Documents and Reports
Most businesses have some sort of
productivity software which typically
includes a word processor and
spreadsheet application. These two
programs allow businesses to create
reports, memos, tutorials and even
colorful ads for company events.
II) Education
Businesses use computers to help
educate employees on software, company
policy, standard procedures and safety.
Instead of hiring teachers, computers can
be used to educate employees at their
own pace or through an online webinar
with live questions and answers. This
form of education fits the busy schedules
of businesses without sacrificing the
quality of the education.
III) Research
From learning more about the
competition to discovering what
customers really want, research isn't as
difficult as it once was, thanks to
computers. Search engines, forums, social
networks and industry specific websites
provide businesses with a wealth of
information and research data.
Iv) Storage
Instead of filing cabinets, businesses are
able to store millions of files using
computers and servers. Data can be
stored centrally for easy access from
multiple computers or stored locally for
individual use. Computerized storage
saves space and provides a far more
efficient organization strategy
*V)* Accounting
Accounting without computers presents a
high risk for human error. Accounting
software allows businesses to simply
input their financial data and instantly see
gains and losses. All necessary tax reports
are available the moment the data is
entered. Using computers for invoicing,
managing expenses and calculating payroll
is vital for ensuring financial data is as
accurate as possible.
2a}
Consumer
Producer
Worker
Purchasing
Hybrid
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