Examlex
Which of the following describes an example of a production systems:
Patent
A Patent is a legal document granted by the government, giving an inventor exclusive rights to manufacture, use, or sell an invention for a certain number of years.
Exclusive Use
The right to use a property or product without sharing it with others, often refers to licenses or real estate.
Economies of Scale
Refers to the cost advantages that enterprises obtain due to their scale of operation, with cost per unit of output generally decreasing with increasing scale.
Consent Decrees
Legal agreements that settle a dispute between two parties without admission of guilt but with an agreement to stop the contested activities.
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