Difference between revisions of "Royalty"
Jump to navigation
Jump to search
Chippeterson (talk | contribs) (Created page with 'In economics, '''Royalty''' is a share of earnings given as a payment. Category:Economics') |
(redo page as part of consolidation) |
||
| Line 1: | Line 1: | ||
| − | + | A '''royalty''' is a form of [[income]] received for giving the [[rights]] to another person or entity to use a product or right that the first person owns. | |
| + | |||
| + | Royalties are common in two areas: | ||
| + | *The entertainment industry (whereby the writers of a song or film receive royalties each time a song or film is played) | ||
| + | *The mineral industry (for example, a landowner who's property has minerals underneath it -- most commonly crude oil and natural gas -- will receive a portion of the sale of any oil and gas produced) | ||
[[Category:Economics]] | [[Category:Economics]] | ||
| + | [[Category:Real Estate]] | ||
| + | [[Category:Entertainment]] | ||
Revision as of 16:37, April 21, 2020
A royalty is a form of income received for giving the rights to another person or entity to use a product or right that the first person owns.
Royalties are common in two areas:
- The entertainment industry (whereby the writers of a song or film receive royalties each time a song or film is played)
- The mineral industry (for example, a landowner who's property has minerals underneath it -- most commonly crude oil and natural gas -- will receive a portion of the sale of any oil and gas produced)