ECONOMICS
PROPERTY RIGHTS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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true
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false
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Either A or B
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None of the above
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Detailed explanation-1: -This is why: Intellectual Property Creates and Supports High-Paying Jobs IP-intensive industries employ over 55 million Americans, and hundreds of millions of people worldwide. Jobs in IP-intensive industries are expected to grow faster over the next decade than the national average.
Detailed explanation-2: -Inventors, designers, developers and authors can protect the ideas they have developed, for instance by means of copyright or patents. The aim is to prevent others from wrongly profiting from their creations or inventions. It also gives them an opportunity to earn back the money they invested in developing a product.
Detailed explanation-3: -The correct answer is All of the above. IPR is a general term covering patents, copyright, trademark, industrial designs, geographical indications, protection of layout design of integrated circuits.
Detailed explanation-4: -IPRs can help turn your ideas into money-makers. IPRs can enhance your business’ market value. IPRs can help you stand out from the competition. IPRs can be accessed to raise finances. IPRs can enhance opportunities related to exports in business.