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"The doctrine of the mean" refers to Aristotle's view that
Land Rent
Payment made for the use of land, typically based on its productivity, location, and the competitive demand for land use.
Acres
A unit of measurement used primarily in the U.S. to describe the size of land, equating to 43,560 square feet.
Economic Rents
Extra earnings or return above the normal expected return of an investment or economic activity.
Reallocation
The process of redistributing resources or assets from less productive uses to more productive ones in order to enhance efficiency and economic output.
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