Module 12 - Intellectual Property Rights

What is there for to rejoice if you have the intellectual property on something? Would it be a great instrument to the economic growth of the country? Or you are just the sole beneficiary of the fruits you have reaped from what you have sowed? Explain.

             Intellectual property on something can have you something to rejoice for. I believe that having intellectual property for yourself can bring you good, not only to yourself but to the economy as well. Intellectual property is owning what is really for you. It is just claiming your property as your own. Owning intellectual property can bring good to the economy as well. Because of this, taxes on intellectual property will be imposed thus can bring additional income to the economy. You are not the sole beneficiary of the fruits you have sowed. It is just natural to give back what you have earned.