ECONOMICS (CBSE/UGC NET)

ECONOMICS

ECONOMIC GROWTH

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Patents and copyrights are forms protection by the government for
A
people who want to steal information or ideas
B
people accused of crimes
C
politicians and economists
D
inventors and authors
Explanation: 

Detailed explanation-1: -A patent protects new inventions, processes, or scientific creations, a trademark protects brands, logos, and slogans, and a copyright protects original works of authorship.

Detailed explanation-2: -Our nation’s founders recognized the value of intellectual property, and in the U.S. Constitution, they granted Congress the power to protect it. From the beginning of our nation, Congress has enacted patent and copyright laws to protect the works of creative people and to encourage others to be creative.

Detailed explanation-3: -The United States Patent and Trademark Office (USPTO) is the federal agency responsible for granting U.S. patents and registering trademarks.

Detailed explanation-4: -A patent protects an invention by allowing its inventor-or the group who owns the patent-control over who may use the invention. Patent applications are adjudicated by the United States Patent and Trademark Office (USPTO) and are valid for 20 years. An assignee is a person or group who owns a patent.

Detailed explanation-5: -Patents protect the intellectual property created by inventors.

There is 1 question to complete.