Analyze the primary manner in which the purchase of fake handbags or other counterfeit merchandise may impact all areas in our lives.
One of the key reasons counterfeit merchandise impacts us is through rising cost of the real items, even medicine. Additionally counterfeit merchandise also has an effect on the job market, though the lost of jobs. Most American don’t really see the damage the counterfeit merchandise has on our economy. It has been estimated that the counterfeit purse market alone, cost industries like Coach, Fendi, MCM approximately one hundred to two million dollars in lost revenue. This is just the purse industry, it is thought to be in the trillion-dollar range when you combine all the other industries, E.G electronics. Some companies believe the counterfeiter have become so good, that they are not sure if some of their stock may be counterfeit.