Examlex
Which of the following best describes a nontraditional worker?
Rule-of-thumb
A practical principle that is not strictly accurate in all cases but is sufficient for most circumstances.
Price Elasticity
A measure of how much the quantity demanded of a good responds to a change in its price, indicating the sensitivity of consumers to price changes.
Elastic
Describes a situation where the quantity demanded or supplied of a good responds significantly to changes in its price.
Patent
A legal right granted by a government to an inventor, giving exclusive rights to use, make, and sell an invention for a certain period of time.
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