3.1.1. A characteristic feature of the Austrian approach to economic theory is its emphasis on the market as a process, rather than as a configuration of prices, qualities, and quantities that are consistent with each other in that they produce a market equilibrium situation.
Definition of SAP: A German software company whose products allow businesses to track customer and business interactions. SAP is especially well-known for its Enterprise Resource Planning (ERP) and data management ...
This collection of multiple SAP instances and the database make up an SAP system. Thus, an SAP instance is synonymous with one installed component (or âinstallationâ) of SAP on a server (also called a âhostâ). One host can contain multiple SAP instances, too, which belong to different SAP systems.