Patents primarily provide licenses for inventions. This legal protection allows inventors to exclusively exploit their inventions for a certain period, thus incentivizing innovation by ensuring that inventors can potentially profit from their work without the fear of it being copied without permission. This exclusivity can motivate individuals and companies to invest time and resources into developing new ideas and technologies.
How did patents affect innovation?
(1 point)
They provided licenses for inventions.
They provided payments to inventors.
They taxed inventions
They provided plans for inventions.
1 answer