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In what way do patents protect businesses and product development in a market economy?
Wiki User
∙ 9y ago
It prevents competitors from legally imitating a product for a period of time.
Wiki User
∙ 9y ago
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What organizations offers numerous programs and incentives to a variety of businesses for research and new product development?
The Department of Energy offers programs and incentives to businesses for research and new product development.
What organization offers numerous programs and incentives to a variety of businesses for research and new product development?
The Department of Energy offers programs and incentives to businesses for research and new product development.
How did vertical integration allow a business to reduce costs?
by controlling the businesses at each phrase of a product development
How do businesses and individuals participate in both the product market and the factor markets in the economy?
Businesses in a product market recive revenue from households to pay for the labor that they are using, and in factor markets businesses buy land etc. from households. This keeps the money flowing in the market economy.
How do businesses affect a country's economy?
They are a country's economy... go figure. =-)
What term refers to government payments given to businesses for research and new product development?
subsidies
Is Google Patents a good source to apply for a product patent?
Google Patents is a good source to see how many product patents there are. It is also a good source to apply for one.
In which system does company control the businesses that make up all phases of a product's development?
vertical intergration
In what way are entrepreneurs and businesses at the helm of the economy but commanded by consumers?
they serve an important purpose in the economy, the economy needs the entrepreneurs to sell various products, but the entrepreneur needs consumers to buy that particular product
What Horizontal integration differs from vertical integration in that it?
combines different businesses involved in all phases of a product’s development
How did vertical integration allow business to reduce cost?
By controlling the business at each phase of a product's development, vertical integration allowed a business to reduce costs.
How did Andrew Carnegie vertical integration to increase his power?
He gained control of the businesses performing each phase of a product's development.
