How does the application of intellectual property (IP) rights influence daily commercial gains for inventors or organizations?(1 point) Responses It ensures that inventors can no longer oversee their intellectual property. It ensures that inventors can no longer oversee their intellectual property. It ensures that the market crashes. It ensures that the market crashes. It ensures that individuals or firms profit from their inventions. It ensures that individuals or firms profit from their inventions. It ensures that individuals or firms lose money from their innovations.
It ensures that individuals or firms profit from their inventions.
Intellectual property rights allow inventors or organizations to protect their creations and innovations, giving them the opportunity to profit from their work. By having exclusive rights to their intellectual property, they can commercialize their inventions and generate income through licensing, selling products, or entering into partnerships. This incentivizes continued innovation and creativity, ultimately benefiting both the inventors and the economy as a whole.