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Identify and State the Historical Significance of the Following

question 97

Short Answer

Identify and state the historical significance of the following:
-Knights of Labor


Definitions:

Licensing Agreement

Occurs when a firm pays a fee for the rights to make or sell another company’s products.

Manufacturing Technology

The machinery, equipment, and processes used in the production of goods, emphasizing efficiency and quality.

Patent

Legal protection granted to inventors, giving them exclusive rights to manufacture, use, or sell their invention for a certain period.

Central-Planning Economies

Economic systems where the government or central authority makes all decisions about the production and distribution of goods and services.

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