Examlex
Material participation requires that an individual participates in an activity for more than 200 hours per year or spends more than 50 hours a year in the activity and the time spent is more than anyone else spends on the activity.
Economic Rent
The price paid for the use of land and other natural resources that are in fixed (perfectly inelastic) supply.
Antipoverty Programs
Governmental or non-profit organization initiatives designed to reduce or eliminate poverty by providing financial assistance, education, or job training.
Productive Capacity
Refers to the maximum output a system, economy, or machine can produce over a period of time under normal conditions.
Supply of Land
The total availability of land resources that can be used for various purposes, often considered perfectly inelastic.
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