What are the importances of the copyright law to the country?

Answer 1

It is important to recognise copyright in order to prevent other people from trying to copy the original idea that is being protected by rights of law or any of it's features. This is frequently seen in big major companies such as Pepsi, Coca-Cola etc. where all their products are copyrighted and trademarked in order to prevent other companies from copying their ideas and forming their versions of the same products.

Answer 2

The intent of copyright law is to encourage creativity by giving creators the opportunity to ascribe value to (and theoretically earn a living from) their imagination and hard work. Eventually this enriches the public domain as protection expires.

Licensing copyrighted material is an important business to the economy; in 2010, the value added to the US GDP was more than $1.6 trillion, which represents more than 11% of the GDP (report linked below).

Answer 3

Copyright protection gives exclusive rights to the creator of the work, which means he or she can make money on it.

Answer 4

It depends on the nature of the company; some derive all of their income from licensing intellectual property.

Answer 5

It depends on the nature of the business. Some create copyrightable works, some use copyrighted works, and some exist entirely to negotiate agreements between the other two.