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When used in business practices, technology can ensure the competitiveness of companies and other companies. But the cost of achieving, inventing or using technology, called intellectual property, is very high. Therefore, many societies, such as the United States, Europe, and Taiwan, would give the government protection from this investment, through the granting of patent, exclusive rights. This protection enables companies to invest in technical costs that can be recycled, thus encouraging innovation. But there is another point, too, that patent overprotection can hamper innovation.
If you happen to have visited London within the last year or so you will realize that our Mayor, Boris Johnson introduced a scheme where anyone can borrow a bike at no cost, to obtain across the city, simply by picking one up from a dedicated point and dropping it well in just a certain amount of your time at any pick-up/drop-off point. The scheme aptly named Boris Bikes, is a huge great success as it inception and supports encouraging people to avoid driving or using other kinds of or trains for brief journeys.
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