Examlex
One of the determinants of the elasticity of demand is whether a good is a luxury or a necessity.
Automating
The process of making a system or process function automatically, typically through the use of computerized technology, to improve efficiency and reliability.
Strong AI
Refers to artificial intelligence systems with the ability to understand, learn, and apply knowledge in a way that is indistinguishable from human intelligence.
Weak AI
Artificial Intelligence systems designed for specific tasks, lacking consciousness or self-awareness, unlike strong AI.
Natural Language Processing
A field of artificial intelligence that gives computers the ability to understand text and spoken words in much the same way human beings can.
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