Intellectual property effects within the business world of today
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Question: What is your personal view of intellectual property and its effects within the business world of today?
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Solution Summary
The 302 word solution gives a good amount of information about legal rights and types of intellectual property.
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Intellectual Property Rights (IPR) are simply the legal protection of patent and copyright laws. They do form a core component of business regulation and influence firms' behavior in engaging into innovation or product differentiation. Intellectual Rights can be considered as a component of a set of regulations that favor dynamic market innovations. They have a moderately positive effect on international business, mainly in international trade and foreign direct investments. However they are an endogenous ...
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- MBA, Texas A&M University-Kingsville
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