Examlex
Punishment stops unwanted behaviours most effectively when it is mild and accompanied by presents or rewards.
Economic Analysis
The systematic approach to determining the optimal use of scarce resources, involving comparison of costs and benefits.
Land Rent
The payment made for the use of land or real estate.
Marginal Revenue Product
The additional revenue generated from employing one more unit of a resource or input.
Usury Laws
Legislation enacted to place a limit on the interest rate that can be charged on loans, intended to protect borrowers from excessively high rates.
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