Word: fractionization
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...patent system, companies would have no incentive to invest in researching and developing new drugs. After all, if they did develop the drugs and pay the high costs involved, other companies, which had not shouldered those research costs, could simply copy the new medicines and sell them at a fraction of the original price. To remedy this incentive problem, governments issue patents to the developers of new drugs. However, this solution only creates a new problem because patents give companies a state-protected monopoly over a drug. Since only one firm can produce a specific drug, it can charge exorbitant...
...Munch Museet Just a fraction of its 23,000-piece collection of Edvard Munch works is on show at any one time. Also on until Jan. 19: works by Picasso, Braque, Léger and Gris on loan from Stockholm's Moderna Museet. Tøyengata...
...Restricting hiring practices to a fraction of the population is an invitation of suicide,” he said. “Firms that discriminate just won’t survive...
Official MFA policy states that Harvard students are allowed into special exhibits for $5 on weekday afternoons—just a fraction of the usual student rate. Museum officials say the policy is clear-cut and is the same policy they’ve had for years...
...finest batiks are produced in a smattering of shops in the village of Trusmi, five kilometers from Cirebon. Showrooms such as Batik Masina and Traditional Cirebon abound with wearable art that sells for a tiny fraction of the prices tourists pay in Bali or Jakarta, including silk shawls so delicate they are virtually transparent. Both stores welcome visitors to adjoining workshops to watch batiks slowly take form. Patterns are drawn or stamped on cloth using melted wax. Dyes are applied, the waxed areas resist the new color and retain their original hue. The process is repeated dozens of times, creating...