One consequence of the changed nature of investment is a strong tendency for markets to develop into temporary monopolies.
Because patents give temporary monopolies on new drugs, they are the main incentives for new research.
Patents essentially provide a temporary monopoly on a product to the first inventor or firm which comes up with the product.
The temporary monopoly on the subject matter of the patent is regarded as a tradeoff for thus disclosing the information to the public.
You would get a temporary monopoly in the intellectual property that provides a balancing of private incentives and the public good.
If no one in Gradford has thought of selling them, we'll have a temporary monopoly.
The other birds fly away leaving the warner with a temporary monopoly of the food.
He said that these temporary monopolies were necessary to provide the incentive necessary for firms to develop new products and processes.
This way the society gains and the company gains a temporary monopoly?
Would anyone develop new products and technologies if he were not guaranteed a temporary monopoly on their use?