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.
Claiming Intellectual property rights has its own benefits and advantages both to the beneficiary and to the economy. Why? Because everything needs proper management or control. We need to claim certain things to avoid duplication and other related mess and also to have control to what is rightfully ours in the first place. Naturally, we should gain from what we have done. It is a universal fact. But the benefits one can have by claiming intellectual property is not limited only for the beneficiary but also for the economy in the form of taxes taken from the beneficiary. It can serve as a great instrument for the economic growth of our country for I it is believed that tax can help us rise from poverty. Not instantly but maybe gradually.
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