Explain four advantages of patents in creative activities

      

Explain four advantages of patents in creative activities

  

Answers


John
i) Commercial Rights - It gives the producer the advantage to produce, sell and stop others from producing the product;

ii) Owners Right - Gives the producer exclusive ownership

iii) Protection - The producer is provided with protection of maximum of twenty years thereby enjoying monopoly

iv) Licence - Producer can licence others in return for loyalties

v) Setting prices - Producer can attach any price he want to the products
johnmulu answered the question on September 18, 2017 at 07:14


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