Question

Why are copyrights and patent important for an entrepreneur?

Answer 1

Answer:

these are the identies of

the businesses men from which there business flurished

Answer 2

Answer:  

Copyrights and patents are important for the entrepreneurs as these are his intellectual property rights, and it is crucial for him to protect his assets so that other businesses cannot benefit from those as owners.  

Explanation:  

• Patents are important as these protect new chemicals, processes, and machinery. Copyright is similar to these, and both of these rights protect ideas.
• These are important as these restrict third parties from using these ideas. It is the owner’s decision to use his own ideas in his way and to commercialize those to benefit the market.
• Copyrights and patents stop others from stealing these ideas and to recognize the rightful owners.