How to see the role of patent rights with monopoly color in economic development?

Patent rights have monopoly, also known as exclusive or proprietary, patents are exclusively owned by the right holder, who enjoys the right to possess, use, gain and dispose of the object of his right (i.e., the invention and creation). At the same time, the patent right has a certain temporal and territorial nature, that is, it is valid within the period of protection prescribed by law, and only within the scope of the country or region.

In the development of science and technology economy, the patent system has an important role. It can encourage enterprises and individuals to make inventions and participate in the market to provide an important weapon. Patentees can monopolize the market and avoid being pre-empted by others in applying for patents, while patents are also intangible assets of enterprises. In some cases, patents can even become an important part of an enterprise's core competitiveness.

However, the monopolistic nature of patent rights can also have a negative impact on economic development. The monopoly of patents may lead to market monopolization, thus making it difficult for other enterprises to enter the market, which will limit market competition and lead to a decline in market efficiency. In addition, the monopoly of patent rights may also lead to disputes over the granting of patents, which may cause instability in the market.

Therefore, when looking at the patent right with monopoly color, we need to weigh its positive and negative impacts. On the one hand, the patent system can promote the development of science and technology economy and incentivize innovation and invention; on the other hand, the monopoly of patent rights may restrict market competition and lead to a decline in market efficiency. In practice, laws, regulations and policies are needed to balance the relationship between the monopoly nature of patent rights and market competition in order to promote healthy economic development.