Discussion response 200 words.

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ZTG_ZON_Yrnqrefuvc

Economics

Description

Protecting property rights is vital to the market. If you think about it, all the products we use in the market today, have patents (or pending patents), trademarks, all of such, protecting the brand and the inventor, thereby allowing for opportunities to invest in industry for the making and reproduction of goods and services. Without these protections, anyone can replicate an invention or product, claim it as their own, and the originator is out of capital generated from their invention. This is the importance of the contribution of protections in the market, otherwise, inventions that make life easier, would not be the inventions we use and purchase every day, because the inventor would refuse to bring it to the market, due to unequal protections.

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Explanation & Answer

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Property rights dictate the ability to determine the manner in which property is used
through the statement of legal and theoretical ownership of the same. Most countries have given
their citizens this ability f...


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