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Boserup's theory of agricultural intensification assumes that people will generally not adopt more labor-intensive technologies unless compelled by falling living standards to do so.
Normal Balance
The side (debit or credit) of an account that is expected to have a higher balance, indicating its typical increase direction.
Account Nature
Describes the classification of an account in accounting, such as asset, liability, equity, income, or expense.
Periodic Inventory Method
An inventory valuation method where the inventory balance is updated at specific intervals, such as monthly or yearly, rather than continuously.
Voucher Payment
A method of payment that involves creating a voucher or document detailing the payable amount to a vendor or supplier.
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