Examlex
Which of the following is a measure of the relative price of owned housing that shows the average home price divided by annual rent in a community?
Adam Smith
A Scottish economist and philosopher known as the "father of economics," renowned for his work on the nature and causes of the wealth of nations.
Cost To Buy
The total amount of money required to purchase a good or service including taxes and fees.
Cost To Make
The total expenditure incurred in producing a good or service, including materials, labor, and overhead costs.
Win In Trade
A situation where all parties involved in a trade feel that they have benefited from the transaction.
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