Why is there a market for counterfeit goods? How does this market benefit seller

Business & Finance
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Why is there a market for counterfeit goods? How does this market benefit sellers?

Aug 13th, 2015

Thank you for the opportunity to help you with your question!

Thank you for the opportunity to help you with your question!

People wear luxury items to convey a sense of status. If it is difficult to distinguish between counterfeit and real goods, then why would someone pay more for the real thing?

There is a saying along the lines of the person representing the brand being more important than the brand itself. In other words, if a woman "looks the part," then no one will question whether she is carrying a $5,000 purse or a $50 one.

Ultimately, luxury items are about status. It implies that if the person can afford to buy the latest bag, jewelry, shoes etc...then they have the disposable income to be worthy of conversation, mating, attention etc...

P.S. theres a scene in the recently released "DOPE" that illustrates this scenario brilliantly.

Please let me know if you need any clarification. I'm always happy to answer your questions. Please let me know if you need any clarification. I'm always happy to answer your questions.
Aug 13th, 2015

For the sake of brevity, I only included a few sentences. Feel free to ask me any follow up questions.

Aug 13th, 2015

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