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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.
The four auto companies merged into the auto union ag in 1932. In terms of car production, the automobile alliance was the second largest automobile manufacturing company in Germany at the time, and the merchandise was marked by four connected rings, representing four automobile companies participating in the merger. For the first time in the world, there are four rings.
During our childhood, we've read a good deal about flying chariots in may divine stories. Though we failed to accept is as true, we currently see people traveling by airplanes. Traveling has grown to be very easy nowadays. The automobile industry in addition has undergone a good deal of changes because the invention of steam engine vehicle. How many of you know the Benz patent motor car of 1885 would have been a motorized tricycle? Today we discover an incredible number of automobiles on the highway, in numerous models, shapes, sizes, colors, and prices.
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