What Does Patent Pending Mean?

A patent pending status is given to an invention that has been filed with the US Patent and Trademark Office, but has not yet been granted a patent. This status indicates that the inventor is taking steps to protect their invention, but that it is not yet fully protected. What are the 3 types of … Read more

What Is Capitalism: Varieties, History, Pros & Cons, Socialism.

-What Is Capitalism? -Varieties of Capitalism -History of Capitalism -Pros and Cons of Capitalism -Socialism What is capitalism in simple words? In a capitalist economic system, the means of production are privately owned and operated for profit. This profit motive drives businesses to produce goods and services that people are willing and able to pay … Read more