Tuesday, February 14, 2012

Module 12: Intellectual Property Rights

QUESTION: 

        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. 

ANSWER:
 

            Having an intellectual property is a great rejoice for me. It is because it maybe an instrument on being a famous one. You may become a role model to anybody; they may follow your steps as one of the innovator. Moreover, it is also a way to help to improve works, make things easy, and most of all it is way to grow your income. And it is a great instrument to the economic growth of the country. It is because as this person leaves on that certain country, the country can also have a share and that’s because of having a tax to a certain invention as it goes to the market and sell it. But, tax is not the only reason why this country can increase its income, and there are many ways to benefit to a certain invention not in a wrong way, and it is in a good way instead. However having this invention is not a sole beneficiary. As you patented this technology anybody can enjoy on using this expertise. Just for an example: Cell phones composed of different patented parts, thus as it manufactured and put into the market anybody can enjoy on using such technology.
            Therefore, I you share your idea, anybody will be happy. But if you only hide it and keep it onto yourself only no one will enjoy.
           
 

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