Intangible assets can be easily replicated by competitors from "summary" of Capitalism without Capital by Jonathan Haskel,Stian Westlake
Intangible assets are a key component of modern economies. They include things like brands, software, and design that are valuable to companies but are not physical. Many businesses rely on these assets to generate profits and stay competitive in the market. However, one of the challenges with intangible assets is that they can be easily replicated by competitors. This means that a company's unique brand or innovative software can be quickly imitated by others, reducing the competitive advantage that these assets provide. The ease of replicating intangible assets is a result of their non-rival nature. Unlike physical assets such as machinery or buildings, intangible assets can be shared or copied without diminishing their value. For example, a competitor can easily replicate a company's branding strategy or develop a similar software product without incurring significant costs. This poses a significant risk to businesses th...
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