Intellectual Property and the U.S. Economy: Industries in Focus

Innovation — the process through which new ideas are generated and successfully introduced in the marketplace — is a primary driver of U.S. economic growth and national competitiveness. Likewise, U.S. companies’ use of trademarks to distinguish their goods and services from those of competitors represents an additional support for innovation, enabling firms to capture market share, which contributes to growth in our economy. The granting and protection of intellectual property rights is vital to promoting innovation and creativity and is an essential element of our free-enterprise, market-based system.

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