A patent is an example of
A)a subsidy.
B)a pollution permit.
C)a voucher.
D)a tax.
E)a legal device for creating property rights.

Question

Quizplus · Accepted Answer

A patent is a legal device that grants exclusive property rights to an inventor for a limited period of time. This allows the inventor to prevent others from using, making, selling, or importing the patented invention without permission. Therefore, a patent is an example of creating property rights.

A Patent Is an Example of