A study by Daniel Okimoto at Stanford University identified five other factors: 1  The political party in power did not take the difficult steps needed to spur the economy. 2  Taxes were raised in 1997. 3  Banks kept bad loans on their books, which tied up capital needed to invest in growth.
Intellectual property is the area of law that deals with protecting the rights of those who create original works. It covers everything from original plays and novels to inventions and company identification marks.atents protect an invention from being made, sold or used by others for a certain period of time. There are three different types of patents in the United States: 1  Utility Patents-these patents protect inventions that have a specific function, including things like chemicals, machines, and technology.
A form of intellectual property protection that grants to the owner of a work of authorship the legal right to determine how the work is used and to obtain the economic benefits from the work is referred to as a: