Answer:
one-third to one-half of the total economic benefits.
Explanation:
Innovation typically involves the creation of a new product of any category such as automobile, building, phones, electronics, etc., that generates money for the innovators or manufacturers through purchase made by the end users (consumers).
A patent can be defined as the exclusive or sole right granted to an inventor by a sovereign authority such as a government, which enables him or her to manufacture, use, or sell an invention for a specific period of time.
Generally, patents are used on innovation for products that are manufactured through the application of various technologies.
Some studies done by renowned economists around the world have found that the original inventor receives one-third (⅓) to one-half (½) of the total economic benefits from his or her innovations, while other businesses and new product users receive the rest of the benefit.
