How do patents and copyrights encourage innovation?

2 answers:

8 0

Patents and copyrights encourage innovation because they allow people to be rewarded for their creations. For example, if an individual creates a new type of cell phone they can receive a patent or copyright on that phone. This means the ability to make and sell this phone belongs solely to the individual or the company they represent.

Now if this cell phone becomes wildly popular and people start to buy it, it allows the creator to make a significant amount of money of their creation. Along with this, the person can sue any person who tries to take their design and sell the phone themselves.

Ultimately, patents and copyrights protect people who come up with amazing innovations and allows them to accumulate massive amounts of wealth.

MakcuM [25]3 years ago

5 0

Answer:

They give inventors and writers exclusive rights to make and sell their inventions and works, possibly making large profits.

Explanation:

You might be interested in

HELPPPPPPPPP ASAP PLSSSSSSSSSSSSSSSSSSSSSSSSS THIS IS FOR MUSIC

Monica [59]

Answer:

like 30

Explanation:

haven’t done music in a while so i’m rusty :D

7 0

2 years ago

What we’re two terms of the peace treaty

Kitty [74]

Answer:

Hope you are referring to WW1

the league of Nations who was formed. the league formation followed the agreement of treaty of Versailles . in addition, Germany was allowed to keep it's land but was to pay heavy penalties as a result

4 0

1 year ago

Read 2 more answers

What plays an important role in many indigenous african spiritual traditions

Dvinal [7]

Answer:

The three main religious traditions—African traditional religion, Christianity, and Islam—constitute the triple religious heritage of the African continent.

Explanation:

8 0

2 years ago

Which passage from the declaration of independence conflicts with the practice of slavery

Yuliya22 [10]

It was added my Thomas Jefferson who wanted to abolish slavery and that all men black white or even tan are created in gods image

4 0

3 years ago

Read 2 more answers

What was FDR's most significant contribution to American politics?

zysi [14]

D.
His programs led to an expansion of the role of the federal government.