Implications of intellectual property rights to the economy

By Rawle Lucas On In Business Review |
LUCAS STOCK INDEX The Lucas Stock Index (LSI) fell 1.37 percent during the third period of trading in May 2017. The stocks of five companies were traded with 247,472 shares changing hands. There as one Climber or two Tumblers. The stocks of Demerara Distillers Limited (DDL) rose of 0.4 percent on the sale of 59,000 shares. The stocks of Demerara Bank Limited (DBL) fell 1.39 percent on the sale of 50,000 shares while that of Guyana Bank for Trade and Industry fell 10.79 percent on the sale of 100 shares. In the meanwhile, the stocks of Banks DIH (DIH) and Republic Bank Limited (RBL) remained unchanged on the sale of 124,372 and 14,000 shares respectively.
LUCAS STOCK INDEX The Lucas Stock Index (LSI) fell 1.37 percent during the third period of trading in May 2017. The stocks of five companies were traded with 247,472 shares changing hands. There as one Climber or two Tumblers. The stocks of Demerara Distillers Limited (DDL) rose of 0.4 percent on the sale of 59,000 shares. The stocks of Demerara Bank Limited (DBL) fell 1.39 percent on the sale of 50,000 shares while that of Guyana Bank for Trade and Industry fell 10.79 percent on the sale of 100 shares. In the meanwhile, the stocks of Banks DIH (DIH) and Republic Bank Limited (RBL) remained unchanged on the sale of 124,372 and 14,000 shares respectively.

Intangible

Intellectual property (IP) is one of those intangible things that is important to the production structure of any country. As abstract as the concept might seem, it is capable of generating future benefits for its owners.  That is the reason accountants normally view intellectual property as an intangible asset; a thing of value to those who own it.  The property can be sold or it could be leased to others. When those options are not exercised, the owners could use the knowledge to produce goods or services. Intellectual Property Rights (IPRs) therefore are about access to technology