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Also called resource cost advantage. The ability of a party (whether an individual, firm, or country) to produce a greater quantity of a good, product, or service than competitors using the same amount of resources. absorption The total demand for all final marketed goods and services by all economic agents resident in an economy, regardless of the origin of the goods and services themselves ...
A unit of area traditionally defined as the area of one chain (66 feet) by one furlong (660 feet), equivalent to 43,560 square feet (0.001563 sq mi; 4,047 m 2), or about 0.40 hectare. acreage A quantity of land; several acres considered collectively, united by their ownership, management, usage, geographical location, or some other unifying ...
It is a defined area, varying in size from part of a city block to large areas of rural land. Each of these borders another to form a network covering the whole country including inlets and coasts, and extending out to the 200 mile economic zone. Meshblocks are added together to "build up" larger geographic areas such as area units and urban areas.
Nerve tract, a bundle of fibers that connects different parts of the central nervous system - analogous to a nerve in the peripheral nervous system; A genetic tract, a sequence of repeating nucleotides or amino acids, such as a polyglutamine tract; A collection of related anatomic structures, such as: Gastrointestinal tract; Genitourinary tract
Non-financial assets, such as land and buildings, may also be included. For example, dictionary definitions of money include "wealth reckoned in terms of money" and "persons or interests possessing or controlling great wealth", [8] neither of which correspond to the economic definition.
Rural areas have unique economic and social dynamics due to their relationship with land-based industry such as agriculture, forestry, and resource extraction. Rural economics can be subject to boom and bust cycles and vulnerable to extreme weather or natural disasters, such as droughts .
A unit of area traditionally defined as the area of a plot of land one chain (66 feet) by one furlong (660 feet), equivalent to 43,560 square feet (0.001563 sq mi; 4,047 m 2), or about 0.40 hectare. active volcano A volcano that is currently erupting, or one that has erupted within the last 10,000 years (the Holocene) or during recorded history ...
The word in the sense of an agricultural land-holding derives from the verb "to farm" a revenue source, whether taxes, customs, rents of a group of manors or simply to hold an individual manor by the feudal land tenure of "fee farm". The word is from the medieval Latin noun firma, also the source of the French word ferme, meaning a fixed ...