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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 ...
Consumer rent from the individuals who still pay for goods lower than willing and the producer rent from ability to price discriminate would then counter one another, resulting in market equilibrium. [5] In a contract lawsuit, the lessor could collect the rental value of the premises from the saloon lessee who had violated a lease. [6]
Lipsey (1975) uses the example of a firm sitting on an expensive plot worth $10,000 a month in rent which it bought for a mere $50 a hundred years before. If the firm cannot obtain a profit after deducting $10,000 a month for this implicit cost, it ought to move premises (or close down completely) and take the rent instead. [ 1 ]
Actual cash value. Replacement cost value. Pros. Premiums for actual cash value home policies are typically lower than replacement cost coverage. You’ll likely pay less out of pocket if you need ...
The Tagalog language and the Filipino language have developed unique vocabulary since the former's inception from its direct Austronesian roots and the latter's inception as the developed and formally adopted common national language or national lingua franca of the Philippines from 1973 to 1987 and as the national and co-official language of the Philippines from 1987 and onward, incorporating ...
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Pro rata is an adverb or adjective meaning in equal portions or in proportion. [1] The term is used in many legal and economic contexts. The hyphenated spelling pro-rata for the adjective form is common, as recommended for adjectives by some English-language style guides.
One of the unique features of cash value life insurance is the ability to borrow against the policy’s cash value. These loans don’t require credit checks, and they come with flexible repayment ...