ENTREPRENEURSHIP

Detailed explanation-1: -An intangible asset is an asset that is not physical in nature, such as a patent, brand, trademark, or copyright. Businesses can create or acquire intangible assets. An intangible asset can be considered indefinite (a brand name, for example) or definite, like a legal agreement or contract.

Detailed explanation-2: -An Intangible asset is an asset that cannot be seen or felt. It is hard to evaluate and has no physical substance. Hence, patents and copyrights are intangible asset as they cannot be seen or touched and it is difficult to value.

Detailed explanation-3: -Some examples of intangible assets include brand recognition, goodwill, and intellectual property (patents, domain names, confidential information, inventions, names, and the like).

Detailed explanation-4: -Trademarks, patents, and copyrights are different types of intellectual property.