“…For many physical considerations of light‐matter interaction, it is sufficient to take only two energy eigenstates into account, namely, the states and with the energy difference close to the incident light photon energy . The pair states can be two levels in atoms, spin‐split states in the magnetic resonance, tunneling two‐level systems in dielectric glasses, the ground electron and hole quantum‐confined levels in semiconductor quantum dots, etc. In such systems, the saturation of resonant optical properties is controlled by two characteristic times, longitudinal and transverse relaxation times and , respectively ().…”