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Signs of birth. Since the middle of the 20th century, technology has grown faster and faster. It was only six and a half years since the discovery of uranium fission in January 1939 to the first atomic bomb exploded in July 1945. The emergence of electronic computers has led to more profound changes in the fields of human social life. These technological breakthroughs can be called technological revolutions
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.
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