Why Does the Government Grant Patents to Companies That Research

question 33

Essay

Why does the government grant patents to companies that research new drugs?

---

Definitions:

Return On Investment

A measure of the profitability of an investment, calculating the ratio of net profit to the initial cost of investment.

Dividing

In financial contexts, this can refer to allocating or apportioning financial resources or profits among groups, such as dividends to shareholders.

Responsibility Accounting

A financial tracking system that gathers, compiles, and presents financial data relevant to the duties of specific managers.

Controllable Costs

Expenses that can be directly influenced or managed by a specific department or level of management.