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Effects of Intellectual Property on Economy: An Analytical Study
Intellectual property is also called incorporeal property or intangible property and it has no physical existence. It has always been debated whether intellectual property has a significant impact on the economy. Numerous writings have been written on it. Trademark, patent, copyright, registered designs are examples of intellectual property. This is the property of the person who registered it in his name. This paper is based on analytical research and concludes by examining the opinions of intellectual property experts and economists that the effects of intellectual property on the economy are numerous and it is impossible to deny the importance of intellectual property for the economy.
Assistant Professor, College of Law, Government College University, Faisalabad, Punjab, Pakistan