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What Are the Positive and Negative Effects of Patents on the Creation

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What are the positive and negative effects of patents on the creation of new ideas?


Definitions:

Adults Employed

The segment of the labor force aged 18 and over that is actively engaged in paid work.

Adults Unemployed

Refers to individuals over the legal working age who are without jobs and actively seeking employment.

Adults Not in the Labor Force

Individuals aged 16 years and older who are not actively seeking employment and are not currently employed.

Labor-force Participation Rate

The proportion of the working-age population that is participating in the labor market either by working or actively seeking employment.

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