Throughout history, various facets of economics have guided human societies. Creators and businesses have formulated various ways and models of products in order to determine which produces the greatest economic gain. Selling products and information these days is just as important as creating the products themselves. Media and culture have evolved enormously; it is hard to keep up with. Throughout the 20th century, the relationship between productivity and currency with technology paired with the enlarged global labor pool, cultivated a steady rise in productivity, secured declining labor costs. The business society has been given a right to automously own the copyright for any material they own, such as ebooks, software, movies, music and art. Which is a major issue against piracy. Piracy is a major issue affecting e-commerce, and the government has taken good steps to help commercial online business totally own their copyright. However, this paper examines the development, purpose, strengths and weaknesses of copyright and licensing issues. These issues are very important in order to ensure copyright owners have full protection over their materials and they can be rest assured that all copyright rules and licensing and regulations are strictly adhered to.
Intuitively, online technology has taken over and businesses must continually protect their company with consumer laws. Nowadays, since businesses have property rights, which is the property over their individual work. Which is definitely known as copyright. Copyright is society’s way of creating a legal mechanism that allows the producers of creative work to create revenue from consumers. “Copyright secures ‘the original works of authorship’ that are usually fixed in a substantial type of expression.” (Nancy 1). This materialization ultimately has an effect on all aspects of the economy. The Internet is a web of connection where each of us is like a neuron creating and receiving information.