Question

A man named Alexander Graham bell received a patent for his telephone invention in 1876. Today many Americanism carry cell phones around with them. Define patent law and describe how patents encourage competition?

Answer 1

The patent law applies when a person invents something, then describes it on a patent. When that patent is submitted and approved, no one else can claim invention of that item. Patents encourage competition because the first person to come up with a great idea for an invention and patent it will own the idea: people want to be the first, and are motivated.s