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Why was the Berlin conference both an important event and an important symbol of European colonialism in
Sub-Saharan Africa?
Resource's Current Price
The present market price of a particular resource or commodity, reflecting its current demand and supply.
Extraction
The process of removing or obtaining a resource, material, or substance from its source or origin.
User Cost
The opportunity cost of using a durable good or natural resource, representing the foregone benefits from not preserving the asset for future use.
Present Value
The present-day value of a future amount of money or series of payments, calculated using a particular return rate.
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