Counterfeit products - Term Paper Example

Millions of dollars have been earned in revenue by those involved in this kind of business. However, this happens in disregard of the underlying consequences. There are several risks that are associated by the consumption of these products and there is a lot of proof that the industry is growing big every year (David, 21). The value of counterfeit goods and the whole industry is said to be worth over US $200 billion. This is to take into account the everyday production of goods. The goods produced as counterfeit are often sub-standard which is considered to pose major health hazards.

There are goods produced cross every product sector, including; tobacco, electronics, vehicles, alcohol, clothes and food products, the designer clothes, the wrist watches and several accessories. There is also production of counterfeit medicines, numerous chemicals and pesticides, perfumes, modern cosmetics and the body care products. Several CDs and DVDs, computer software products, computer games, vehicle and other spare parts power tools and household appliances. Fake products are at many times often tempting with many of them costing less than the price of the real product (Philips, 43).

These goods are also of low and inferior in quality thus is always considered to be unsafe and mainly dangerous for human consumption. Mostly, many industrial products are sold with certain benefits. This always the case especially when you are handling genuine commodities. However, counterfeit products always don’t come with these kinds of benefits. They often don’t come with benefits like after-sales service or the after sale guarantees. These commodity sellers bank on the ignorance of the victims with majority of these consumers being unaware that counterfeit products or goods don’t undergo the same production methods and similar rigorous testing procedures that legitimate manufacturers often apply to their products in order to ensure they are