The purpose of patents and copyrights is to
A)give government a role in the economy.
B)create monopolies.
C)grant advantages to a privileged few.
D)promote innovation.
E)destroy competition.

Question

Quizplus · Accepted Answer

The purpose of patents and copyrights is to promote innovation by giving creators and inventors exclusive rights to their work for a limited amount of time. This exclusive right allows them to profit from their creations or inventions, which in turn incentivizes innovation and creativity. It also provides legal protection against others copying or reproducing their work. This ultimately benefits society as a whole by encouraging the development of new and useful ideas.

The Purpose of Patents and Copyrights Is to