Tangible and Intangible Property

The video tutorial explains the difference between tangible and intangible property. Tangible property is physical and can be touched, while intangible property consists of non-physical rights like copyrights and patents. Both types of property involve a bundle of rights, including exclusion and disposal. Intangible property can hold immense value, often surpassing tangible property, as seen in intellectual property empires. Understanding the distinction between these property types is crucial for comprehending the rights associated with them.

What rights are typically associated with property ownership?

Why is the distinction between tangible and intangible property important?