Intellectual property is what protected in the same way as land exclusive expensive to produce but cheap to reproduce and transmit or expensive to produce copy and transmit
Intellectual property refers to creations of the mind, such as inventions, literary and artistic works, designs, symbols, names, and images used in commerce. It is protected by various legal mechanisms, such as copyrights, patents, trademarks, and trade secrets.
Like physical property, intellectual property is recognized as a form of valuable assets that can be bought, sold, licensed, or used as collateral for loans. However, intellectual property differs from physical property in that it is intangible and can be easily reproduced and transmitted at minimal cost.
Because of its intangible nature, intellectual property rights are vulnerable to infringement and piracy. As a result, various international treaties and national laws have been put in place to protect the rights of creators and innovators and prevent unauthorized use or reproduction of their work.
In conclusion, while intellectual property may be expensive to produce, it is often cheap to reproduce and transmit, making it essential to have legal protections in place to safeguard the rights of creators and ensure fair compensation for their efforts.