December

Question 1

Industry

Answer 1

group of companies or organizations that produce or provide similar products or services

Question 2

Bureaucracy

Answer 2

a system of controlling or managing the country, company, or organization that is operated by a large number of officials employed to follow rules carefully

Question 3

Market economy or capitalism

Answer 3

economic system in which most of nations land, factories and other economic resources are privately owned by either individuals or businesses

Question 4

Property rights

Answer 4

legal rights to resources and any income they generate

Question 5

Intellectual property

Answer 5

property that results from people’s intellectual talent and abilities

Question 6

Industrial property

Answer 6

intellectual property consisting of patents and trademarks

Question 7

Patent

Answer 7

property right granted to the inventor of product or process that excludes other from making using or selling the invetion

Question 8

Trademark

Answer 8

property right in the form of words or symbols that distinguish a product and its manufacturer

Question 9

Copyright

Answer 9

property right giving creators of an original work the freedom to publish or dispose of it as they choose