Invention and Innovation
Invention is the formulation of new ideas for products or processes.
Innovation is all about the practical application of new inventions into marketable products or services. An example is microwave oven.
A person patents an idea or a product in order to legaly own the idea or product that no other business can steal it.
A copy right is when a company, owns a product in which others can only it if they ask permisson from the company owning it.
Trademark-any name, symbol, figure, letter, word, or mark adopted andused by a manufacturer or merchant in order to designate his orher goods and to distinguish them from those manufactured orsold by others.
