How did the system of patents encourage innovation and investment?

Attempted answer:
The government encouraged it by giving the people limited time to sell one of their inventions to make money to create new better ones after the time limit is up.

I am not confident in this answer could someone please give me their opinion on it?

Question

How did the system of patents encourage innovation and investment?

Attempted answer:
The government encouraged it by giving the people limited time to sell one of their inventions to make money to create new better ones after the time limit is up.

I am not confident in this answer could someone please give me their opinion on it?

221emily · Answer

@jjones806  @ManImStumped can you guys please help?

anonymous · Answer

It dissuaded others from using one person's idea/creation, but also made them give up the full explanation on how it was made. Thus, competitors worked on a similar, but better model, creating an innovation.

anonymous · Answer

Does that help?

221emily · Answer

that helps  A LOT! thank you C: