What Term Refers to the Ability of a Country to Supply

question 87

Short Answer

What term refers to the ability of a country to supply basic food to its entire people consistently over the long term?

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Definitions:

User Cost

The opportunity cost of utilizing a good or service, often considering factors like depreciation and the potential benefit from alternative uses.

Resource Extraction

The process of obtaining raw materials from the natural environment, such as mining for minerals, drilling for oil, or logging forests, often associated with significant environmental impact.

Present

The current point in time or the moment that is occurring now.

Present Value

The current value of a future sum of money or stream of cash flows, given a specified rate of return.