Changes

'''Royalties''' are 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. So, as an example, selling the rights for a song to be used would produce royalties for the person doing the selling.

'''Royalties''' are 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.

 

*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, the owner of a [[mineral estate]] will receive a portion of the sale of any oil and gas produced from a piece of land)

[[Category:Economics]]

[[Category:Economics]]