Patent is described as the inventors exclusive right to make, use and sell an invention for a specific period.

PROPERTY RIGHTS

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Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

Patent is described as the inventor’s exclusive right to make, use and sell an invention for a specific period.

A	VIRUS
B	VACCINE
C	Either A or B
D	None of the above

Explanation:

Detailed explanation-1: -A patent is an exclusive right granted for an invention. In other words, a patent is an exclusive right to a product or a process that generally provides a new way of doing something, or offers a new technical solution to a problem.

Detailed explanation-2: -The United States Code authorizes anyone who invents or discovers inventive subject matter to obtain a patent. An inventor is one who, alone or with others, first invents a new and useful process, machine, composition of matter, or other patentable subject matter.

Detailed explanation-3: -Utility patents are issued for inventions that are novel and useful. Design patents protect the design or image of a product.

Detailed explanation-4: -Overview. A patent grants the patent holder the exclusive right to exclude others from making, using, importing, and selling the patented innovation for a limited period of time.

There is 1 question to complete.

ECONOMICS (CBSE/UGC NET)

ECONOMICS

PROPERTY RIGHTS