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If the demand for cigarettes is highly inelastic, this indicates that
Global Growth
The overall increase in economic activities and interconnectedness worldwide, often measured in terms of trade, investment, and technological advancements.
Innovation
The process of creating new ideas, products, or methods that bring something new or improved to the market.
Commercialization
The process of bringing new products or services to market, including production, distribution, marketing, and sales strategies.
Efficiency-Enhancing Innovations
Changes to existing products or ideas that make them lower cost.
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