Property rights to inventions discourage people and firms to produce inventions.

Question

Quizplus · Accepted Answer

This statement is false. Property rights to inventions actually encourage people and firms to produce inventions because they provide a legal framework for protecting and monetizing their innovations. Without property rights, inventors would have little incentive to invest time and resources into creating something new, as they would not be able to profit from it or prevent others from copying their work.

Property Rights to Inventions Discourage People and Firms to Produce