What positive effect do intellectual property laws have on the business market value?
A. intellectual property processes are tedious and long and thus companies are discouraged to pursue it
B. intellectual property laws restrict market access and thus reduces profit and economic value
C. intellectual property patents are costly and thus only a segment of the population may afford end products
D. intellectual property laws give individual innovators and firms the ability to maximize profit and generate economic value
D. intellectual property laws give individual innovators and firms the ability to maximize profit and generate economic value
Intellectual property laws protect the creations and innovations of businesses, giving them the exclusive rights to their inventions, brands, and creative works. This allows businesses to profit from their intellectual property and maintain a competitive advantage in the market. By ensuring that others do not steal or copy their innovations, businesses can generate economic value and increase their market value.