Term of the Day system 1. A set of detailed methods, procedures and routines created to carry out a specific activity, perform a duty, or solve a problem. 2. An organized, purposeful structure that consists of interrelated and interdependent elements (components, entities, factors, members, parts etc.). These elements continually influence one another (directly or indirectly) to maintain their activity and the existence of the system, in order to achieve the goal of the system. All systems have (a) inputs, outputs and feedback mechanisms, (b) maintain an internal steady-state (called homeostasis) despite a changing external environment, (c) display properties that are different than the whole (called emergent properties) but are not possessed by any of the ... Learn more about this term» Usage Example It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning. Source: Henry Ford
Posted on: Wed, 24 Jul 2013 12:26:43 +0000
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