Intellectual property products

Intangible fixed assets—whether purchased or produced for own use— that are used repeatedly, or continuously, in the processes of production for at least a year. In the NIPAs, these products consist of software, of research and development, and of entertainment, literary, and artistic originals. (For practical reasons, the NIPAs include mineral exploration within its estimates of nonresidential structures, even though the output of mineral exploration can be considered to be an intellectual property product.)