A Grant Issued by a Governmental Entity Ensuring an Inventor

question 10

Multiple Choice

A grant issued by a governmental entity ensuring an inventor the right to exclusive production and sale of their invention is a?

• A) Copyright
• B) Patent
• C) Trademark
• D) Public domain

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Definitions:

Capital-Intensive Products

Products that require a high amount of capital investment in machinery and equipment relative to labor input in their production process.

Capital Resources

Assets such as machinery, tools, and buildings that are used in the production of other goods and services.

Resource Availability

The extent to which inputs required for production, such as raw materials, labor, and capital, are readily obtainable in the economy or market.