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In the modern knowledge economy, the notion of intellectual property stands as a cornerstone
of innovation, creativity, and economic progress. Unlike physical property—which has been
recognized since ancient civilizations established the first legal codes—intellectual property
represents a relatively recent evolution in our understanding of ownership. This chapter
explores the fundamental question that underpins the entire intellectual property system: Why
do we grant exclusive rights to ideas, expressions, inventions, and symbols? The answer to this
question is neither simple nor singular, reflecting instead a complex interplay of philosophical
traditions, economic theories, and cultural perspectives.
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