Examlex
Convert the numeral to a numeral in the base indicated.
-678410 to base 16
Equilibrium Economic Rent
The excess returns to a factor of production over its opportunity cost when the market is in equilibrium, ensuring no incentive for resources to move.
Nationalization
The process by which a government takes control of a company or industry, often turning it from private to state ownership.
Scarce Resource
A resource that is limited in availability and cannot meet all demands placed on it by humans wanting unlimited access.
Farmland
Land used for farming and agriculture purposes to grow crops and/or rear animals, playing a critical role in the food supply chain and the economy.
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