The primary purpose of ________ is to encourage the expenditure of funds on research and development to create new products.
A)centrally planned economies
B)government-run health care
C)nationalizing oil companies
D)patents and copyrights

Question

Quizplus · Accepted Answer

Patents and copyrights are legal mechanisms designed to protect the rights of inventors and creators, which incentivizes innovation and investment in research and development to create new products. By granting exclusive rights to the inventor or creator for a set period of time, they are given the opportunity to recoup their investment and profit from their creation. This in turn encourages further innovation, as inventors are motivated to continue creating new products in order to secure their intellectual property rights.

The Primary Purpose of ________ Is to Encourage the Expenditure