Responses
It ensures that inventors maximize their profits.
It ensures that inventors maximize their profits.
It ensures that inventors sell their products cheap.
It ensures that inventors sell their products cheap.
It ensures that innovators ideas, services, and/or products are not protected.
It ensures that innovators ideas, services, and/or products are not protected.
It ensures that inventors reduce their production capacity.
1 answer
The response that best captures how the application of intellectual property (IP) rights influences economic growth in everyday life is:
It ensures that inventors maximize their profits.
This is because IP rights provide legal protections that enable inventors and creators to profit from their innovations, encouraging further investment in research and development, which can lead to economic growth.
