ECONOMICS (CBSE/UGC NET)

Detailed explanation-1: -Intellectual property (IP) refers to creations of the mind, such as inventions; literary and artistic works; designs; and symbols, names and images used in commerce.

Detailed explanation-2: -Patents, trademarks, copyrights, and trade secrets are valuable assets of the company and understanding how they work and how they are created is critical to knowing how to protect them.

Detailed explanation-3: -Intellectual property refers to creations of the mind. It can be an invention (patent / utility model), a design (industrial design), a brand name (trademark, or a literary and artistic work (copyright).

Detailed explanation-4: -An IP is an internet protocol address. Essentially, it is a numeric value assigned to a network device, and it is used for the identification and location of a network device. IP addresses are assigned to every type of network device.