Examlex
Race norming involves ranking job applicants based on predictor scores within their relevant race group.
Patent Rights
Legal protections granted to inventors that give them exclusive rights to make, use, sell, and distribute their inventions for a certain period of time.
Inelastic Demand
A scenario where the product's demand remains largely unaffected despite variations in its price.
Licensing
A requirement that one obtain permission from the government in order to perform certain business activities or work in various occupations.
Essential Resource
A fundamental input or asset that is necessary for the production processes or for sustaining life and economic activities.
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