Key points
If inventors received a greater share of the broader social benefits for their work, they would have a greater incentive to seek out new inventions.
Positive externalities are beneficial spillovers to a third party or parties.
Private benefits are the dollar value of all benefits of a new product or process invented by a company that can be captured...
Key points
If inventors received a greater share of the broader social benefits for their work, they would have a greater incentive to seek out new inventions.
Positive externalities are beneficial spillovers to a third party or parties.
Private benefits are the dollar value of all benefits of a new product or process invented by a company that can be captured...
A rotating TV base that suits your TV watching needs! This TV base can rotate and adjust to the amount of people watching it, to make it the best watching experience for everyone. It comes with a...