Examlex
The replacement model or "Eve Hypothesis" suggests that modern Homo sapiens evolved in Africa and then migrated to other areas of the world, replacing the in?digenous populations such as the Neandertals.
Economic Analysis
The systematic approach to determining the optimal use of scarce resources, involving comparison of costs and benefits.
Land Rent
The payment made for the use of land or real estate.
Marginal Revenue Product
The additional revenue generated from employing one more unit of a resource or input.
Usury Laws
Legislation enacted to place a limit on the interest rate that can be charged on loans, intended to protect borrowers from excessively high rates.
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