What role did the implementation of monopoly law play in the coming of British industrial revolution?

As early as 1624, the British parliament has promulgated the monopoly law, granting the first inventor of new products a patent certificate and providing exclusive protection for no more than 14 years. According to statistics, up to 185 1 year, the British government issued a total of 13023 patents, which effectively promoted and protected individuals' enthusiasm for invention. Monopoly law terminated the royal privilege in patent creation, which is more important in history than simply stopping the royal privilege. By 1700, the British institutional framework provides an environment suitable for economic growth, an environment suitable for economic growth.