Low-Cost Inventions and Patents

Book excerpt: Inventions have led to the technological advances of mankind. There are inventions of all kinds, some of which have lasted hundreds of years or even longer. Low-cost technologies are expected to be easy to build, have little or no energy consumption, and be easy to maintain and operate. The use of sustainable technologies is essential in order to move towards a greater global coverage of technology, and therefore to improve human quality of life. Low-cost products always respond to a specific need, even if no in-depth analysis of the situation or possible solutions has been carried out. It is a consensus in all industrialized countries that patents have a decisive influence on the organization of the economy, as they are a key element in promoting technological innovation. Patents must aim to promote the technological development of countries, starting from their industrial situations.