This Mallows people to invest in small businesses or pay for education. Why is it important to protect intellectual property rights? D. encourage economic activity. B. limit destructive economic growth. Property rights are important to individuals because they provide the needed to secure credit. Allow businesses to freely take ideas from competing companies. d) allow the government to control how resources are allocated. The answers to these questions can’t be determined in the free market, because someone’s got to make a call on right and wrong. Property rights are laws that governments create to determine who owns what and why. Your IP rights are important because they can: set your business apart from competitors; be sold or licensed, providing an important revenue stream limit destructive economic growth. Answers: 1 on a question: Property rights are important to a free enterprise system because they: A. B. because they create incentive to improve standard of living. C. Encourage businesses to keep prices as low as possible D. Place regulations on businesses that make dangerous products. This is a correct answer _____ Question 18 (Worth 5 points) If two goods are complements: they are consumed independently. Intellectual property (IP) rights are valuable assets for your business - possibly among the most important it possesses. why do private property rights matter. That’s where governments and a justice system become necessary. encourage economic activity. when you won something you have incentive to take care of it . In a market system, well-defined property rights are important because they: reduce unnecessary investment. a) ensure an equal distribution of income. Protecting Heirs Property Rights Monday, January 11th 2021, 11:18 AM CST by James Ferguson The incoming Biden administration and House Ag Committee Chair David Scott have signaled their commitment to work on many of the challenges they say impact black farmers. b) guarantee that any exchange will make all parties better off than prior to the exchange. C. create economic problems. the right to enforce property rights; This obviously encompassing physical goods, but also has to include intellectual goods. Protect businesses' freedom to buy and sell products. (11) Property rights are important because they. Property rights also ensure Y use of resources. Private property rights are important because: a. they create incentives for people to improve their standard of living. create economic problems. 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