ECONOMICS (CBSE/UGC NET)

Detailed explanation-1: -A sound recording and the music, lyrics, words, or other content included in the recording are separate copyright-protected works. These works are subject to different rules and are commonly owned and licensed separately. A musical work is a song’s underlying composition along with any accompanying lyrics.

Detailed explanation-2: -Copyright is a right given by the law to creators of literary, dramatic, musical and artistic works and producers of cinematograph films and sound recordings.

Detailed explanation-3: -Scientific or technical methods or discoveries; Business operations or procedures. Mathematical principles. Formulas, algorithms.

Detailed explanation-4: -IP stands for “intellectual property” and yes, original musical creations are considered intellectual property and can be protected from use by others under intellectual property law. There are four types of intellectual property: patents, copyrights, trademarks, and trade secrets.