Examlex
Which of these factors did NOT contribute to the land-based empire of the Mughals becoming part of the sea-based empire of the British?
Productivity
A measure of average output or real output per unit of input. For example, the productivity of labor is determined by dividing real output by hours of work.
Land Taxes
Taxes imposed on property owners based on the value of their land, commonly used by governments as a source of revenue.
Incentive Function
The inducement that an increase in the price of a commodity gives to sellers to make more of it available (and conversely for a decrease in price), and the inducement that an increase in price offers to buyers to purchase smaller quantities (and conversely for a decrease in price).
Rental Payments
Rental payments are periodic payments made by a tenant to an owner for the use of property, such as for housing or commercial space.
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