Complete the following in 1 or 2 sentences: First, list two intellectual property rights. Then, describe why an intellectual property right provides incentives for people to produce creative work.

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10-02-2018
Business

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Complete the following in 1 or 2 sentences: First, list two intellectual property rights. Then, describe why an intellectual property right provides incentives for people to produce creative work.

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mrsdee0717 mrsdee0717 · Answer 1 · 2018-02-19T17:37:56+01:00

Two of the many forms of intellectual property right are :
1) copyright laws - this may refer to creative works in the field of literary and arts .
2) patent - includes inventions, which can be a product, a process or a solution to a problem.

The reason why intellectual property rights provide incentives for innovators in order for them to put value in their works and to encourage people to think highly of research and development. Also, this rights, people will be aware that ideas can be protected; that it can be shared but it cannot be legally taken from them.