Asked by Katey Dotson on Jun 06, 2024
Verified
One benefit of the patent system is that it encourages the production of technical knowledge.
Patent System
A legal framework that grants inventors exclusive rights to their innovations for a set period of time, encouraging innovation and investment in new ideas.
Technical Knowledge
Expertise or know-how in specific fields, often related to sciences or technologies, that individuals or organizations possess.
- Recognize the incentive mechanism provided by the patent system for the creation of new knowledge.
Verified Answer
DF
Dzifa Felicia SakiteyJun 09, 2024
Final Answer :
True
Explanation :
The patent system encourages the production of technical knowledge by granting inventors exclusive rights to their inventions for a limited period, incentivizing innovation and the sharing of information through patent disclosures.
Learning Objectives
- Recognize the incentive mechanism provided by the patent system for the creation of new knowledge.