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A counterfeit consumer good is a product, often of lower quality, that is manufactured or sold without the authorization of the brand owner, using the brand's name, logo, or trademark. These products closely resemble the authentic products, misleading consumers into thinking they are genuine.
A counterfeit is a fake or unauthorized replica of a genuine product, such as money, documents, designer items, or other valuable goods. [1] [2] [3] Counterfeiting generally involves creating an imitation of a genuine item that closely resembles the original to deceive others into believing it is authentic. [4]
Fake product may refer to: Counterfeit consumer goods , products infringing the rights of a trade mark. False documents describing a non-existing product with verisimilitude.
A dupe (duplicate) or knockoff is a product similar in appearance, functionality, or design to a higher-end, often more expensive, branded item but sold at a much lower price. Unlike counterfeit products , dupes do not copy trademarked brand names or logos and are often sold at mainstream retailers.
To avoid the status anxiety of not being of or belonging to "the right social class", the consumer establishes a personal identity (social, economic, cultural) that is defined and expressed by the commodities (goods and services) that they buy, own, and use; the domination of things that communicate the "correct signals" of social prestige, of ...
A demand is usually seen as artificial when it increases consumer utility very inefficiently; for example, a physician prescribing unnecessary surgeries would create artificial demand. [3] Government spending with the primary purpose of providing jobs (rather than delivering any other end product) has been labelled "artificial demand". [4]
In economics, a false economy or hallucinated economy is an action that does save money at the beginning but which, over a longer period of time, results in more money being spent or wasted than being saved. For example, it may be false economy if a city government decided to purchase the cheapest automobiles for use by city workers to save ...
Search goods are more subject to substitution and price competition, as consumers can easily verify the price of the product and alternatives at other outlets and make sure that the products are comparable. Branding and detailed product specifications act to transform a product from an experience good into a search good.