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The coefficient of correlation
Public Goods
Goods that are non-excludable and non-rivalrous, meaning they can be used by everyone and one person's use does not diminish another's.
Patent System
A legal framework that grants inventors exclusive rights to their innovations for a set period of time, encouraging innovation and investment in new ideas.
Technical Knowledge
Expertise or know-how in specific fields, often related to sciences or technologies, that individuals or organizations possess.
Common Resource
A common resource is a natural or man-made resource where one person's use diminishes other people's enjoyment and access to it, often leading to overuse.
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