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A government-funded group of scientists is assigned to discover new knowledge and scientific advances. These scientists are not required to consider the potential use of this knowledge. This group is conducting
Landlords
Property owners who rent out land, residential, or commercial properties to tenants.
Present Value
The value today of the stream of expected future annual income that a property generates.
Interest Rate
Interest paid divided by amount borrowed.
Economic Rent
The excess payment to a resource above what it is necessary to pay to secure its use.
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