Economics B A-Level
Patents
What Patents means in Economics B A-Level, as defined for Pearson Edexcel.
Definition of Patents
Check what you remember
Read the wording for your board, then hide it and explain Patents in your own words. Rough notes are fine. This is a self-check, with no mark or grade.
Reference: Pearson Edexcel
Legal protection for successful innovations that prevents rivals from copying the invention.
Topics that use Patents
- Research and development (R&D) and innovation (Pearson Edexcel A-Level)
Related terms
- Competitive advantage
- Extension strategies
- Government intervention
- Market failure
- Market power
- Positive externalities
- Process innovation
- Product innovation
Using Patents in the exam
Check the command word and mark scheme for your exact question. After comparing your explanation with the reference, use the term in an answer on the linked topic. This practice does not predict an exam mark.
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