WESTWARD EXPANSION INDUSTRIALIZATION URBANIZATION 1870 1900
SECOND INDUSTRIAL REVOLUTION
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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A patent.
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A monopoly.
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The process of puddling.
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An ideology.
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Detailed explanation-1: -Utility patents may be granted to anyone who invents or discovers any new and useful process, machine, article of manufacture, or compositions of matters, or any new useful improvement thereof. By far, most patent applications filed at the USPTO are utility applications.
Detailed explanation-2: -Who can apply for a patent? A patent can only be applied for by the legal owner of the invention (’patent applicant’). The inventor is the legal owner of the invention unless this has been assigned to another party under a contract or by applicable law (see below).
Detailed explanation-3: -In the US, the inventor is presumed to be the initial owner of a patent or patent application. If there is more than one inventor, there may be more than one owner. Ownership can be transferred or reassigned.
Detailed explanation-4: -There are a few ways you can generate a profit from your idea. A patent is an important document which grants ownership to an invention. However, simply owning a patent won’t generate a dime for the inventor. To profit from your idea, you must sell the patent, license usage rights, or market the product yourself.