a legal right to make a product that is given to the inventor of that product for a certain...
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Type: Glossary
(also called per capita income) the GDP of the country divided by the total population to...
Type: Glossary
a market structure where the individual producers or consumers (or a group of producers or...
Type: Glossary
the price stays the same but the quantity demanded varies an infinite amount.
Type: Glossary
there is virtually no reaction to small increases in price.