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nevsk [136]
3 years ago
5

How did the development of a favorable patent system stimulate

History
1 answer:
PilotLPTM [1.2K]3 years ago
6 0

Answer:

Economic benefits of the patent system The economic benefits of the patent system are derived from its roles in promoting innovation, and encouraging investment, economic growth, knowledge sharing and the efficient use of resources. These aspects of the patent system are briefly discussed below.

Promoting innovation

Innovation benefits the community by creating new and improved goods and services that meet social needs. For example, innovations in medical research may produce new diagnostic tests or treatments, which improve community health.

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