ECONOMICS
PROPERTY RIGHTS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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VIRUS
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VACCINE
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Either A or B
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None of the above
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Detailed explanation-1: -Explanation– Mere discovery of something that is already existing freely in nature is a discovery and not an invention and hence cannot be patented unless it is used in the process of manufacturing an article or substance. For instance, the mere discovery of a micro-organism is not patentable.
Detailed explanation-2: -Patentable, statutory or patent-eligible subject matter is subject matter which is susceptible of patent protection. The laws or patent practices of many countries provide that certain subject-matter is excluded from patentability, even if the invention is novel and non-obvious.
Detailed explanation-3: -A discovery, a scientific theory or a mathematical method; An aesthetic creation; A scheme, rule or method for performing a mental act, playing a game or doing business, or a computer program; or. The presentation of information.
Detailed explanation-4: -Business methods and processes. Computer hardware. Machines. Sports equipment. Electronics. Pharmaceuticals. Fabrics and fabric designs. Computer software that produces a “useful, concrete, and tangible” result.