How does the application of intellectual property (IP) rights influence economic growth in everyday life?(1 point)
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 inventors reduce their production capacity.
It ensures that inventors reduce their production capacity.
It ensures that innovators ideas, services, and/or products are not protected.
1 answer
It ensures that innovators' ideas, services, and products are protected, which encourages investment in research and development, leading to innovation and economic growth in various industries.