Intellectual Property Rights Protection raise output in countries, raise productivity, create more jobs, raise wages, and lower prices of products in the world economy.

PROPERTY RIGHTS

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Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

A	True
B	False
C	Either A or B
D	None of the above

Explanation:

Detailed explanation-1: -The role of Intellectual property in the economy are: To provide exclusive rights to the and to protect the interest of the creator and encourage investment in research and information creation; Forbid the competitors or anybody from exploiting or misuse the property without the permission of the creator; and.

Detailed explanation-2: -Park and Ginarte (1997) found that IPRs protection affects economic growth indirectly by stimulating the accumulation of factors of production such as physical capital and R&D capital. IPRs protection encourages the research sector to invest and take risks.

Detailed explanation-3: -Intellectual property (IP) protection supports the development of knowledge based industries, stimulates international trade and encourages investment and technology transfer. IP rights can contribute substantially to a company’s assets and market value.

Detailed explanation-4: -Although intellectual property protections can increase productivity and firm valuations, they also can be inefficient and hinder innovation if they are too weak or too strong.

There is 1 question to complete.

ECONOMICS (CBSE/UGC NET)

ECONOMICS

PROPERTY RIGHTS