Intellectual Property refers to creations from the work of the mind whose creator gains monopoly by law.
| Characteristics | |
|---|---|
| Arguments in favor of | Arguments opposing |
| The creative work is disclosed. | |
| Intellectual property laws help to promote the disclosure of the protected creative work. | Intellectual property laws may discourage creative works similar to the protected ones. |
| The creator gains a monopoly. | |
| Intellectual property laws help to ensure the creator will gain the main benefit from their creative work. | Intellectual property laws may cause economic inefficiency due to the monopoly offered to the creators. |