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-In graphical form, the presence of an external benefit that is ignored by consumers can be shown as
Cheap Land
Refers to land that is available for purchase at a relatively low cost, often due to location, quality, or other factors affecting its desirability.
Immigration
The act of moving to a foreign country to live permanently.
Technological Development
The process of research, innovation, and the implementation of new technologies and processes to increase efficiency, productivity, and quality of goods and services.
Mechanical Reaper
An agricultural machine invented in the 19th century to harvest crops more efficiently, significantly increasing farming productivity.
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