How did patents affect innovation?

(1 point)
Responses

They provided licenses for inventions.

They provided payments to inventors.

They taxed inventions.

They provided plans for inventions.

1 answer

The correct response is:

They provided licenses for inventions.

Patents grant inventors exclusive rights to their inventions for a certain period, which encourages innovation by allowing inventors to profit from their work while also providing a legal framework that supports the sharing of ideas and technologies.