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Poverty
The state of having insufficient financial resources to meet basic living needs such as food, shelter, and healthcare, leading to a lower quality of life.
Natural Resource Base
The foundational elements provided by the natural environment that support human society and economic activities, including water, soil, minerals, and forests.
Cost-Benefit Analysis
A systematic approach to estimating the strengths and weaknesses of alternatives used to determine options which provide the best approach to achieve benefits while preserving savings.
Economically Efficient
A situation where resources are allocated in a way that maximizes the net benefit to society or minimizes wastage.
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