@article{MAKHILLTSS201712124105,
    title = {Economics of Intellectual Property in Education},
    journal = {The Social Sciences},
    volume = {12},
    number = {1},
    pages = {85-88},
    year = {2017},
    issn = {1818-5800},
    doi = {sscience.2017.85.88},
    url = {https://makhillpublications.co/view-article.php?issn=1818-5800&doi=sscience.2017.85.88},
    author = {Mardiah Hayati Binti Abu,Arizah Binti Mohamad,Inul Hafiza Binti and},
    keywords = {Intellectual property,monopoly,education,economic,competition},
    abstract = {Intellectual Property (IP) is a property and has similar values just like any other property. It concerns
legal rights connected with creative works or commercial reputation and goodwill. The intellectual property
proprietors can earn recognition or commercial benefit from what they invent or create. Within this conceptual
study having the right balance between the interests of innovators that mostly comes from the educators and
the wider public interest, the intellectual property rule aims to cultivate an environment in which creativity and
innovation can boom. Intellectual property is driven to have the vital force as part of economic development
notably if it is nurtured in the education system and other issue such as monopoly derives from the intellectual
property rights. As part of an expansion of innovation, scholars need to inculcate the value of intellectual
property via commercialization through the creation of competitive niche markets in order to gain lucrative
return on investment in research and product development.}
    }