Counterfeits carry a high price. Over the course of 2018, counterfeit goods caused an estimated $323 billion in damages to the economy, and, for some consumers, even deaths. Fake products appear to be real, including packaging and design, but are lower in quality and unregulated. Lots of fakes are nearly indistinguishable from the real thing. …
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Online bargain hunting is great, but sometimes those bargains turn out to be counterfeit. One study found that as many as two in five name brand items purchased online is counterfeit. Counterfeiting can be costly to businesses that have intellectual property stolen and sold out from under them, but counterfeiting can also be dangerous to …
Arguably one of the biggest is the presence of counterfeit products. While it’s impossible to know just how prevalent counterfeits are, some investigations have produced disturbing results. Even so, the counterfeit problem clearly hasn’t dented the growth of Amazon’s business and, specifically, its marketplace, but combined with other problems, such as fake reviews, one can’t …
