Examlex
Trade allows a person to obtain goods at prices that are less than that person's opportunity cost because each person specializes in the activity for which he or she has the lower opportunity cost.
Priority
The state of being considered more important or urgent than other matters or claims.
Mortgage Financing
A method of financing property where the borrower takes out a loan secured by the property, typically from a bank or financial institution.
Land Developer
An individual or company that acquires land and prepares it for construction, including planning, zoning, and installing basic infrastructure.
Speculation
Speculation involves making high-risk financial transactions with the hope of significant profits, often based on future changes in market conditions.
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