Economic Themes (2012) 50 (3) 5, 337-350

intellectual property, invention, protection, development, competition

Dragana Radenković-Jocić, Igor Mladenović

Abstract: There are many elements that influence the creation of an environment of market economy. The modern economy is a competitive economy. States wishing to be part of the Union certainly have the imperative of building a modern economic society. The development of intellectual property is imperative for any modern economy. Protection of intellectual property rights is one of the essential elements that classify each country into serious business entities. Also, the legal protection of intellectual property rights, especially inventions, contribute to overall market development.

Keywords:  intellectual property; invention; protection; development; competition

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