what is patent and how can it make a person rich owning patent

Feeling:

Really Dumb

Language:

English

Prompt:

what is patent and how can it make a person rich owning patent
A patent is like a special certificate that gives a person the right to be the only one who can make or sell a new invention. This means that no one else can copy or use their invention without permission. Owning a patent can make a person rich because they can sell their invention or allow others to use it for a fee. For example, if someone invents a new type of toy that becomes really popular, they can make a lot of money by selling the toy to stores all over the world. Or, they can give permission to a toy company to make and sell the toy, and in return, they would get paid a percentage of the money made from selling the toy. One verifiable fact is that the first patent in the United States was issued in 1790 to Samuel Hopkins for a new method of making potash, which is a type of fertilizer. Since then, patents have been used by inventors to protect their ideas and make money from their inventions. In simple terms, owning a patent is like having a special key to a treasure chest full of money. If you come up with a great idea and get a patent for it, you can make a lot of money by sharing your idea with others.