Counterfeiting And Piracy Essay

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Introduction
Counterfeiting and piracy has affected the economy worldwide and is continuously growing at a steady pace. Counterfeiting can be defined as the manufacturing of any product with the intentions of closely resembling the appearance of another product to mislead consumers into thinking that they have the authentic creation. Examples of counterfeiting include trademark infringement, copying of packaging, copyright infringement, or copying any other significant features in another product. Piracy can be defined as the production and distribution of products and materials that are copyright protected while making such materials available on online networks without the authorization of the right owner which is required by law. There are …show more content…

This includes negative effects on employment, innovation and growth, environment and criminal activities.
Section 1.1
Employment

Over the years counterfeiting and piracy has have a negative effect on employment. According to the AFP (Australian Federal Police) the Annual loss of jobs were 100,000 in the EU due to Counterfeiting and 750000 jobs in the United States. The tremendous loss of jobs is increasing rapidly over time which is consequently affecting the world economy. There are a number of reasons as to why this is happening. The first reason has to do with companies and businesses losing revenue which in turn affect employment. These businesses and companies lose revenue due to the counterfeiting of their product. When infringement parties make the counterfeit goods, consumers will most likely be attracted to buying these goods because most likely it would be selling at a much lower price compared to the original. This therefore decreases the demand for this product and therefore means that some of the market shares are being lost from the company. According to an article in the Pacific Business Review International, 25% of market shares are lost due to counterfeiting and piracy in India. Due to the fact that companies lose revenue, this means that they might not be able to maintain the current workforce that they currently posses. This would result in companies cutting jobs and possibly completely eliminating job positions all together. Approximately 2.5 million jobs have

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