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rahul-gautam
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As a businessman a persons motive would be to make profits but he or she should encourage a mix of both creativity protection and boost technology. Even the technology we are currently using is a results of series of innovations and improvements of ideas whose primarily goal was to generate profits.Patents and copyrights grant applicants the right of exclusivity of developed innovations over certain years. So, for initial years it is the owner getting all the profits but then this system over the years allows the promotions of technological innovation and dissemination. In exchange of protection obtained to owner for his or her innovation, owner has to disclose their invention in such a way that third party may reproduce it. Like in case of pharmaceutical after 20 years, cheap drugs can be available to poor people. The patent system is good in terms of balance it maintain for those who contributes to increase knowledge and who disclose the results, instead of keeping them as trade secrets, which is also good to protect formulas for Coke otherwise everyone would start making Coke.