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Counterfeit goods can be found in nearly every industry, from luxury products like designer handbags and watches to everyday goods like electronics and medications. Typically of lower quality, counterfeit goods may pose health and safety risks. Various organizations have attempted to estimate the size of the global counterfeit market. [2]
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.
Replica of the Thor's hammer from Scania. The original find was created c. 1000 AD. A replica is an exact (usually 1:1 in scale) copy or remake of an object, made out of the same raw materials, whether a molecule, a work of art, or a commercial product. The term is also used for copies that closely resemble the original, without claiming to be ...
The notoriously exclusive process of acquiring the iconic handbag, which can cost between $8,000 and $450,000, is now the target of a class-action lawsuit.
The bag quickly became a symbol of wealth and exclusivity due to its high price and assumed long waiting lists. [4] Birkins are a popular item with handbag collectors, and were once seen as the rarest handbag in the world. [5] [6] The bag's value is a matter of its intentionally high price, which has led to its being described as a Veblen good ...
A handbag, commonly known as a purse in North American English, is a handled medium-to-large bag used to carry personal items.
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