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"Generic" refers to a product, term, or item that is standard, not specific to a brand, and typically unbranded or non-proprietary. In the context of pharmaceuticals, for example, a generic drug contains the same active ingredients as a branded drug but is often sold at a lower price once the original patent expires. Similarly, in technology or consumer goods, generic versions provide similar functionality without the premium of brand-name recognition. Generics aim to offer cost-effective alternatives without compromising quality.