Difference between revisions of "Royalties"

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'''Royalties''' are a form of [[income]] recieved 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.
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'''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.
  
 
[[Category: Economics]]
 
[[Category: Economics]]

Revision as of 16:17, August 25, 2010

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.

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