Intellectual Property Rights (patents): Essentials and innovative potential in wine industry

  • 1 University of Plovdiv Paisii Hilendarski, Faculty of Economic and Social Sciences, Specialty Business Management, Plovdiv, Bulgaria
  • 2 University of Plovdiv Paisii Hilendarski, Department of Management and Quantitative Methods in Economics, Plovdiv, Bulgaria


The aim of the paper is to explore what the influence of the Intellectual Property Rights (IPRS) on the Modern economic growth is, whether there is a relationship between them, and what impact can patents have on the invention activity – positive, negative or both. It is going to explain the importance and association of technological progress with economic growth, the main goal and idea of IPRS, the way the system has been used in the period of the beginning of Modern economic growth, and research whether patents were the biggest incentive for inventors in this period as a whole and in wine industry in particular. The paper provides examples of the main European, United States and International patents available on wine production and preservation



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