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A monopoly granted to a person who has either invented a new and useful article, made improvement in an existing article or invented a new process of making an article is called
- a)biopiracy
- b)bioethics
- c)patent
- d)genetic modification
Correct answer is option 'C'. Can you explain this answer?
Most Upvoted Answer
A monopoly granted to a person who has either invented a new and usefu...
A patent is the right granted by government to an inventor to prevent others from commercial use of his invention. When patents are granted for biological entities and for products derived from them, these patents are called biopatents. Primarily, industrialised countries, like U.S.A., Japan and members of European Union, are awarding biopatents.
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A monopoly granted to a person who has either invented a new and usefu...
Understanding Patents
A patent is a legal right granted to an inventor, providing exclusive rights to make, use, sell, or distribute an invention for a specified period, typically 20 years. This protection encourages innovation by allowing inventors to benefit from their creations.
Key Features of Patents
- Inventiveness: To qualify for a patent, the invention must be new, useful, and non-obvious. This means that it should not be something that anyone skilled in the field could easily deduce.
- Types of Innovations: Patents can be granted for various types of inventions, including:
- New and useful articles
- Improvements to existing products
- New processes for manufacturing or creating products
- Legal Protection: A patent holder can prevent others from making, using, or selling the invention without permission. This exclusivity allows inventors to recoup their investment in research and development.
Importance of Patents
- Encouraging Innovation: The patent system incentivizes inventors to develop new products and processes, fostering a culture of innovation.
- Economic Growth: By protecting intellectual property, patents contribute to economic development by allowing businesses to create jobs and introduce new technologies.
- Public Disclosure: In exchange for exclusive rights, inventors must publicly disclose their inventions, which facilitates knowledge sharing and further innovation.
In summary, a patent is crucial for safeguarding the rights of inventors while promoting technological advancement, which is why option 'C' is the correct answer.
A patent is a legal right granted to an inventor, providing exclusive rights to make, use, sell, or distribute an invention for a specified period, typically 20 years. This protection encourages innovation by allowing inventors to benefit from their creations.
Key Features of Patents
- Inventiveness: To qualify for a patent, the invention must be new, useful, and non-obvious. This means that it should not be something that anyone skilled in the field could easily deduce.
- Types of Innovations: Patents can be granted for various types of inventions, including:
- New and useful articles
- Improvements to existing products
- New processes for manufacturing or creating products
- Legal Protection: A patent holder can prevent others from making, using, or selling the invention without permission. This exclusivity allows inventors to recoup their investment in research and development.
Importance of Patents
- Encouraging Innovation: The patent system incentivizes inventors to develop new products and processes, fostering a culture of innovation.
- Economic Growth: By protecting intellectual property, patents contribute to economic development by allowing businesses to create jobs and introduce new technologies.
- Public Disclosure: In exchange for exclusive rights, inventors must publicly disclose their inventions, which facilitates knowledge sharing and further innovation.
In summary, a patent is crucial for safeguarding the rights of inventors while promoting technological advancement, which is why option 'C' is the correct answer.
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A monopoly granted to a person who has either invented a new and useful article, made improvement in an existing article or invented a new process of making an article is calleda)biopiracyb)bioethicsc)patentd)genetic modificationCorrect answer is option 'C'. Can you explain this answer? for NEET 2025 is part of NEET preparation. The Question and answers have been prepared according to the NEET exam syllabus. Information about A monopoly granted to a person who has either invented a new and useful article, made improvement in an existing article or invented a new process of making an article is calleda)biopiracyb)bioethicsc)patentd)genetic modificationCorrect answer is option 'C'. Can you explain this answer? covers all topics & solutions for NEET 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for A monopoly granted to a person who has either invented a new and useful article, made improvement in an existing article or invented a new process of making an article is calleda)biopiracyb)bioethicsc)patentd)genetic modificationCorrect answer is option 'C'. Can you explain this answer?.
A monopoly granted to a person who has either invented a new and useful article, made improvement in an existing article or invented a new process of making an article is calleda)biopiracyb)bioethicsc)patentd)genetic modificationCorrect answer is option 'C'. Can you explain this answer? for NEET 2025 is part of NEET preparation. The Question and answers have been prepared according to the NEET exam syllabus. Information about A monopoly granted to a person who has either invented a new and useful article, made improvement in an existing article or invented a new process of making an article is calleda)biopiracyb)bioethicsc)patentd)genetic modificationCorrect answer is option 'C'. Can you explain this answer? covers all topics & solutions for NEET 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for A monopoly granted to a person who has either invented a new and useful article, made improvement in an existing article or invented a new process of making an article is calleda)biopiracyb)bioethicsc)patentd)genetic modificationCorrect answer is option 'C'. Can you explain this answer?.
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