They often distinguish tangible and intangible property. One can classify assets into two major asset classes&colon; tangible assets and intangible assets. Economic value creating both tangible and intangible sources are considered as entrepreneurial resources. Gift tax applies to all irrevocable transfers of interests in tangible or intangible property. Lifestyle is a combination of determining intangible or tangible factors. A product can be classified as tangible or intangible. Wangchuck cherished the importance of both the intangible and tangible aspects of Bhutanese culture. Entrepreneurial resources can be divided into two fundamental categories&colon; tangible and intangible resources. Licensing means renting or leasing of an intangible asset. The easier access to resources allow MNEs to benefit from synergies of the intangible assets. An example of value derived from an intangible asset, like an idea, is a royalty. Some states tax certain forms of intangible property transfers or licenses. UNESCO lists Camogie as an element of Intangible Cultural Heritage. There were also indirect and intangible costs of the eruption. UNESCO lists Hurling as an element of Intangible Cultural Heritage.