Explain why the counterfeiting of products is harmful to both consumers and to the legitimate ...

Counterfeit goods are a problem in many different product lines, including perfume, luggage, pharmaceuticals, designer clothing, shoes, cigarettes, watches, sports memorabilia, golf clubs, and fine wines, to name just a few. Although consumers may be attracted to counterfeit products because they can get fake name-brand products for very low prices, the practice is unacceptable because both consumers and companies are harmed by it. Counterfeiting is harmful to the legitimate companies that have spent a lot of time and money developing brand name goods for sale. While it may seem that consumers benefit because they get low prices for goods that look like the real thing, in fact consumers often pay far too much for counterfeit goods because those goods have very low quality. As well, some counterfeit goods are downright dangerous to use. While a fake handbag simply costs money, fake pharmaceuticals, electrical products, and motorcycles can kill the people who use them.