Counterfeit goods are products that are made to look like genuine items but are actually fake. These items often imitate well-known brands, such as Nike or Louis Vuitton, and are sold at lower prices. Counterfeiting can occur in various industries, including fashion, electronics, and pharmaceuticals, leading to significant financial losses for legitimate businesses.
The production and sale of counterfeit goods are illegal and can pose risks to consumers. Fake products may not meet safety standards, potentially causing harm. Additionally, the trade in counterfeit goods can support organized crime and undermine economies by reducing tax revenues and harming legitimate businesses.