Examlex
Which of the following countries has the smallest percentage of its labor force employed in agriculture?
Diminishing Returns
A principle stating that as an additional unit of a factor of production is added, while other factors are held constant, the incremental increase in output will eventually decrease.
Nonreproducible
Refers to goods or assets that cannot be exactly replicated or duplicated, often due to uniqueness or specific characteristics.
Single-Tax Movement
The political efforts by followers of Henry George (1839–1897) to impose a single tax on the value of land and eliminate all other taxes.
Land Rent
The payment made for the use of land, typically reflecting the location's value and potential productivity.
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