Land, Capital Markets, and Innovation $-$ Around the World

Ski Dubai, a massive indoor ski resort in the United Arab Emirates, opened in $2005.$

Suppose that in building Ski Dubai, one of the firms involved discovers a more efficient method of cooling large buildings in conditions of extreme heat.

a$.$ This invention could potentially be $,$ granting the firm exclusive rights to use or license the new technology.

b$.$ Intellectual property rights provide an incentive to encourage innovation.

increase the level of risk faced by the entrepreneur.

guarantee that the firm will earn a profit.

are only enforced in the United States.

Ski Dubai was developed by Majid Al Futtaim, an Emirati holding company based in Dubai.

As the entrepreneur creating Ski Dubai, Majid Al Futtuim, along with Ski Dubai's investors,

$$ assumed the risk that Ski Dubai may fail as a business.

assumed limited to no risk in opening Ski Dubai.

were guaranteed to earn a profit because Ski Dubai is the only ski resort in the region.

invested in the human capital necessary to ensure Ski Dubai would be successful.

Ski Dubai was developed by Majid Al Futtaim, an Emirati holding company based in Dubai.

As the entrepreneur creating Ski Dubai, Majid Al Futtuim, along with Ski Dubai's investors,

$$ assumed the risk that Ski Dubai may fail as a business.

assumed limited to no risk in opening Ski Dubai.

were guaranteed to earn a profit because Ski Dubai is the only ski resort in the region.

invested in the human capital necessary to ensure Ski Dubai would be successful.

Ski Dubai was developed by Majid Al Futtaim, an Emirati holding company based in Dubai.

As the entrepreneur creating Ski Dubai, Majid Al Futtuim, along with Ski Dubai's investors,

$$ assumed the risk that Ski Dubai may fail as a business.

assumed limited to no risk in opening Ski Dubai.

were guaranteed to earn a profit because Ski Dubai is the only ski resort in the region.

invested in the human capital necessary to ensure Ski Dubai would be successful.