0
Patents are used to balance the right of the individual with the concept of the public good. In general, the purpose of a patent is two-fold: to allow the inventor of some new thing to retain exclusive rights as to its use for a limited period of time, and after that time to ensure that the details of the invention are available for public use.
By granting the patent-holder exclusive rights to their invention, use and duplication of the invention is at the sole discretion of the inventor, potentially allowing them to profit from it. However, after a period of time those exclusive rights cease to apply, and the new invention becomes available to the public. This contributes to the public good by increasing the amount of general knowledge available.
Wiki User
∙ 13y ago
Add your answer:
Earn +20 pts
Why does the government grant special property right such as copyrights and patents?
The intent is to encourage progress by allowing creators to ascribe value to (and ideally derive an income from) their creativity and hard work.
How do copyrights and patents promote the progress of science and useful arts Why do you think framers granted this power to congress?
This power is granted by the Constitution, to encourage innovation and creativity, considered to be important to the economy.
What federal government policy is most responsible for technological innovation?
the granting of patents
How do patents encourage technological process?
Patents are used to balance the right of the individual with the concept of the public good. In general, the purpose of a patent is two-fold: to allow the inventor of some new thing to retain exclusive rights as to its use for a limited period of time, and after that time to ensure that the details of the invention are available for public use.
What does technological progress lead to?
an increase to efficiency
What leads to technological progress?
an increase to efficiency
Technological advances have aided the industrial growth of the US. What federal government policy has been MOST responsible for technological innovation?
the granting of patents
Technological advances have aided the industrial growth of the US What federal government policy has been MOST responsible for technological innovation?
the granting of patents
Are there limits to technological progress?
Actually, no.. As long as inventions and such continue to work in perfect condition, there won't be a stop in technological progress any time soon anyway
What is the one word for a person who resists technological progress?
Luddite : a person who resists technological progression.
What federal government policy has been most responsible for technological innovation?
i believe it was the grating of patents.
Why do patents encourage people to develop new products and processes?
i dont know either
