Answer:
Local Market or Primary Market.
Explanation:
The farmers sell their products to big traders in the bigger market in the urban areas. However, they also sell a part of their products to various village traders, who are located in the rural areas and can be found in local or primary markets. It's not so that they are not useful as well, as small farmers, in fact, sell the whole of their produce in the local or primary market as we know them by name. And the farmer gets a reasonable return there as well.
Answer:
True.
Explanation:
Patent can be defined as the exclusive or sole right granted to an inventor by a sovereign authority such as a government, which enables him or her to manufacture, use, or sell an invention for a specific period of time.
Generally, patents are used on innovation for products that are manufactured through the application of various technologies.
Basically, the three (3) main ways to protect an intellectual property is to employ the use of trademarks, copyright and patents.
Hence, a patent is an example of a rare and valuable resource because it protects the intellectual property of an individual or business entity and as such serves as a medium for gaining royalties or valuable economic benefits.
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