Counterfeit

estimated $200 billion each year” (2007). Counterfeit items come in several forms such as bags, money, software, movies, drugs and much more. Many people fail to see that this practice as unethical and harmful towards the company who has manufactured the original item. There are laws in the United States that prohibit people from selling counterfeit items, but there are no punishable laws against the buyers. If there were laws against people who buy counterfeit items, there could possibly be a drop in

duplication and distribution of software. There are two primary ethical areas concerning software: Pirated software and counterfeit software. Pirated software is the unauthorized use, duplication, distribution, or sale of copyrighted software. Software publishers maintain ownership of the software they create and only they control the right to duplicate and distribute their products. Counterfeit software is software that is manufactured to resemble authentic software and is sold as such. This could include

Bloch, Bush and Campbell states that “people buy counterfeits, because they are getting prestige without paying for it.”Price and value relationship executes in two situations in one situation that belongs to customer because they buy the counterfeit product and think that he is getting more value in less price and the other situation belongs to manufacturers or counterfeiters who are illegally producing

Alibaba.com shows great traffic and consisting 50% market share in China. The launching of Alibaba.com has enabled the SMEs in China to do their business, where the site can even help them more, as they can trade domestically and internationally. The amount of global buyers has increased to 7 million and 1.6 million in both U.S and U.K respectively. [30] Recent statistic shows that there is more than 10,000 orders per day, placed by global buyers on Alibaba.com [30] Secondly, Alibaba.com shows brand

Totally contrary to enthusiastic claims that fake handbags and other counterfeit goods are indistinguishable from the originals, in fact these knock-off products typically leave a lot to be desired. The real items are usually individually handmade from the best materials using only the most perfect stitching, while fakes are mass produced. In addition, the counterfeit industry is tied to the globalization of organized crime, so the money people spend on forgeries while being pleased at their savings

is because who would want to resist a bargain? Bargain prices are something good to us but considering what would happen if we buy and use these counterfeits, it would not be worth it. Even though they look the same, these counterfeits are far from the original. Therefore, it is only right that people should take proper measures to avoid buying counterfeit make-up and beauty products because they are harmful to our health, impacts the economy negatively and are linked with other illegal Activities

This essay will investigate the serious problem of forgery and a way of how this problem can be controlled. Counterfeit or forged money is an imitation of real money, which is produced without the legal permission of the government or state. To use or produce counterfeit money is a form of fraud and therefore highly punished. Forgery has been an issue for a very long time, as it is a problem, which is nearly as old as money itself. Counterfeiting has a large impact on the economy and society, as

Virtual currencies such as bitcoin are portrayed as an innovative design in the distribution of money throughout the world through the use of peer-to-peer transactions due to it being fraudulent and impossible to counterfeit. However, bitcoin holders are anonymous and could act in a similar way to black markets, their “bitwallet” is unregulated and untaxed. Using bitcoin as a currency also delves into the problem where users purchase illegal objects and substances anonymously. Bitcoin is essentially

Thing Most of us have heard or had change to partake in the globalization process wherein replicas of the original, more expensive product is sold for a much cheaper price. Some call them “fakes”, but the term is more formerly known as counterfeit goods. “Counterfeit goods are typically inferior quality products that are sold under another company's trademark” (findlaw.com, n.d.). The following questions and answers will helps us examine the ethical dilemmas behind the commercializations of these goods

controversial issue for the country’s apparel industry. Since the fashion industry began, counterfeiting has been an issue for the apparel industry worldwide. France is the strictest country against counterfeiting, “where half the 8.9 million counterfeit articles seized in 2011, were luxury goods” (Zanuso, 2012). Since France’s fashion industry is the most profitable business in the country, counterfeiting is problematic because it reduces profits, harms their economy, and it cost France thousands