Economic espionage involves leaking trade secrets to a competitor, violating intellectual property rights and facing legal consequences.
Economic Espionage refers to the unethical competitive behavior of leaking trade secrets or information about a company to a competitor. This act violates intellectual property rights and can lead to legal consequences.
For example, leaking methods of production kept secret by a producing firm to a competitor would be considered economic espionage.
It is crucial for companies to protect their trade secrets and confidential information to maintain a competitive edge in the market.
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