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Explain the advantages and disadvantages of component based software engineering.

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Advantages:

 Independent extensions
Component Market
Component models lessen unanticipated interactions between components
Reduced time to market
Reduced Costs
Disadvantages:

 Time to develop software components takes a big effort.
Components can be pricey.
Requirements in component technologies lacking
Conflict between usability and reusability of components.
Maintenance cost for components increased

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