Which of the following measures does not help promote technological progress? issuing a patent to a company that invents a new product

increased wages for researchers

training programs for workers

reducing the scale of the market for a new product

reducing the scale of the market for a new product

Explanation:

A product can be defined as any physical object or material that typically satisfy and meets the demands, needs or wants of customers. Some examples of a product are mobile phones, television, microphone, microwave oven, bread, pencil, freezer, beverages, soft drinks, automobiles, motorcycles, etc.

The use of technology in the manufacturing of a new product can be effectively and efficiently promoted in the market by doing the following;

I. Issuing a patent to a company that invents a new product. 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.

II. Paying a higher amount of money as wages for researchers who are saddled with the responsibility of making finding about a product.

III. Creating a training programs that would help to improve on the knowledge and skills of workers.

However, reducing the scale of the market for a new product in comparison with other products and standards does not help promote technological progress.

a and b sometimes have a positive value