But they were given meaning by our beloved economists. In 2008, the definition of GDP was changed to include things like patents and other types of intellectual property. Article here:
So, instead of waiting to see how a corporation (or national economy) actually executes their IP rights and measure the revenue, the GDP calculations attempt to impute a future income stream from them. And t
Patents (Score:2)
Re: (Score:5, Interesting)
But they were given meaning by our beloved economists. In 2008, the definition of GDP was changed to include things like patents and other types of intellectual property. Article here:
http://www.economist.com/news/finance-and-economics/21582498-america-has-changed-way-it-measures-gdp-boundary-problems [economist.com]
So, instead of waiting to see how a corporation (or national economy) actually executes their IP rights and measure the revenue, the GDP calculations attempt to impute a future income stream from them. And t
Re:Patents (Score:4, Funny)
IP has become a Pokemon village of value behind which companies (and entire nations) hide the true dire straights of their economy.
Fixed that for you...
A wild FRAND appears.
Apple: Job's Design, I choose you!
Job's Design used Rounded Rectangle.
IT’S SUPER EFFECTIVE!