A Patent Applicant Must Demonstrate That an Invention Is Marketable

question 38

True/False

A patent applicant must demonstrate that an invention is marketable to receive a patent.​

---

Definitions:

Human Capital

The economic value of an individual's skill set and knowledge, considered an asset in the production process.

Physical Capital

Refers to tangible assets used in the production of goods and services, such as machinery, buildings, and tools.

Productivity

The measure of the efficiency of production, often defined as the ratio of output to inputs in the production process.

Constant Returns To Scale

A situation in production where an increase in the input of resources leads to a proportionate increase in output, resulting in no change in average costs.