Short Notes: Intellectual Property Rights
Posted by Ripon Abu Hasnat on Tuesday, May 27, 2014 | 0 comments
The
general term for the assignment of property rights through patents, copyrights
and trademarks. These property rights
allow the holder to exercise a monopoly on the use of the item for a specified
period. By restricting imitation and
duplication, monopoly power is conferred, but the social costs of monopoly power
may be offset by the social benefits of higher levels of creative activity encouraged
by the monopoly earnings.
You can subscribe by e-mail to receive news updates and breaking stories.
0 comments for "Short Notes: Intellectual Property Rights"
Leave a reply