Final answer:
A patent gives the inventor an exclusive right to manufacture, use, or sell their invention, typically for 20 years, to encourage innovation and research, and development.
Step-by-step explanation:
The exclusive right to manufacture a new and useful device is known as a patent. A patent is a government-granted protection that gives the inventor the exclusive legal right to make, use, or sell their invention for a limited time. This prevents others from copying or profiting from the invention without the inventor's permission.
The exclusive right to manufacture, use, or sell a new and useful device is known as a patent. Patents are a form of intellectual property rights granted by a government to an inventor. This legal right allows the inventor to have a monopoly on the invention, typically for 20 years, depending on the jurisdiction.
This period is granted to incentivize innovation and investment in research and development. Without this protection, other firms could replicate and sell the invention, reducing the original inventor's ability to earn profits from their invention.