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Patent systems, research and development tax credit provision and copyright laws. Each of these provides either protection of work or financial incentive to invest in Innovation.
The provision which provides incentives for innovation includes the patent system, research and development tax credit provisions, and copyright laws.
What is innovation?
Innovation refers to the art of creating something new to improve the life of individual. This innovation helps to give value to life and provides better opportunities to grow.
To protect the innovative work and stops it from copying and to encourage invention government has provided financial incentives to promote innovation. These will help innovators to boost their morale and focus on bringing advancements in technology.
Therefore, the option patent system, research and development tax credit provisions, and copyright laws are the appropriate answer.
Learn more about Innovation, here:
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