What do you anticipate to be the overall effects of counterfeiting on the economy?

[Shavkat]

Would you buy counterfeit products? I think it is not the right thing to support these fake items. Besides the point, we are just cheating ourselves if supporting these people.

 

[Stardom22]

This thing kills the economy of a nation. Counterfeit products don't add value on the country's revenue on imports hence lowering it's the GDP of the country.

 

[eldavis]

I can only buy fake products if I am not aware it is fake in the first place. Like you said we are simply cheating ourselves if we decide to buy fake goods cause in the end it would not last.

 

[Reedex]

Counterfeit products will affect the economy of the country negatively and it will affect the local manufacturers more.

 

[cherry123]

it doesn't add much to the economy. So we don't need to encourage it. Fake can never give the right satisfaction.

 

[flower]

The overall effect of counterfeiting on the economy is going to be very disastrous because it's going to affect the local manufacturers.

 

[Reedex]

The overall effect of counterfeiting on the economy is going to be very disastrous because it's going to affect the local manufacturers.

It is true that it will affect local manufacturers and it's going to make the economy of the country dwindle.

 

[Springtime]

Counterfeiting products have many negative impacts on the economy.
- Loss of government revenue. Those selling faked goods will not pay tax to the government.
- Discourage innovation by companies offering authentic products
- Discourage foreign investment. If a country has a lot of counterfeited products for sale, foreign investors may think twice before investing in that country because their products are not well protected .

 

[Reedex]

The overall effect of counterfeiting in an economy is that it will make the economy dwindle , especially, it will affect the manufacturing sector more.

 

[Chibson]

The overall effect of counterfeiting in an economy is that it will make the economy dwindle , especially, it will affect the manufacturing sector more.

Whenever the manufacturing sector of a country's economy is affected the whole economy will dwindle. That is why countries that manufactures usually recovers fast and economically.

 

[IB D]

No matter how cheap those fake products may be, there are not worth it. What is the essence of buying something that would not last long or function optimally for you.

 

[Chibson]

No matter how cheap those fake products may be, there are not worth it. What is the essence of buying something that would not last long or function optimally for you.

Probably, it is better for you to spend bigger amount of money to buy something that is of a very good quality and it will serve the purpose in which it is being bought.

 

[IB D]

Probably, it is better for you to spend bigger amount of money to buy something that is of a very good and it will serve the purpose in which it is being bought.

Some customers are just short sighted. They rather suffer with cheap things than buy original things at once. If it is just about me, those cloning original products and making fake of them won't get any patronage.

 

[Chibson]

Some customers are just short sighted. They rather suffer with cheap things than buy original things at once. If it is just about me, those cloning original products and making fake of them won't get any patronage.

that is actually true and it may not be their fault. Some people are always looking for cheap things so you shouldn't really blame them but that is not the best decision.

 

[Heatman]

it doesn't add much to the economy. So we don't need to encourage it. Fake can never give the right satisfaction.

I believe that there are actually governmental bodies that are set up to help to manage this kind of thing in so many countries but I'm not sure even if they are working in my country.

 

[Chibson]

It will actually bring a lot of negative impacts to the economy of a country. That is why some countries set up agencies for proper management of counterfeit on the economy.

 

[cherry123]

What government should do is to set up agencies for proper management of counterfeit on the economy or else it will bring a lot of negative impacts to the economy.

 

[Chibson]

This is right, if the right agencies are put in place it will be better managed. This will happen if the government have a very good economic team.

 

[cherry123]

yeah the government need to put in place good authorities to fight this This will happen if the government have a very good economic team.to manage and over see that counterfeit Is eradicated

 

[Bisolami]

I can only buy fake products if I am not aware it is fake in the first place. Like you said we are simply cheating ourselves if we decide to buy fake goods cause in the end it would not last.

You are right about this because I don't know how I will be aware that a product is fake and I will still buy it