Definition of Counterfeit
Counterfeit is the way to imitate something, the products that are made of with the intent to make a replica of the real products, and the Counterfeit products are formulated as an advantage of the real products which are superior in value, comparing to the imitated products. This is international and outlined reproduction of genuine products for the purpose to deceive the buyers and to trap them into beliefs that they are getting the real products.
Counterfeit mostly appears in forgeries in currencies and documents, but also includes imitations of clothing, handbags, shoes, pharmaceuticals, aviation and automobile parts, watches, electronics (both parts and finished products), software, works of art, toys, movies. Counterfeit products are usually come with an imitation of company logos and brands. Counterfeit consumer products are notices to have lower quality and sometimes even includes of toxic products. Paper money is most counterfeited product in the world so far.
Books on Counterfeit-
Knockoff: The Deadly Trade in Counterfeit Goods: The True Story of the World's Fastest Growing Crimewave By Tim Phillips (published by Kogan Page Publishers, 2007)
Counterfeit!: Stopping Fakes and Forgeries By Richard Spilsbury (published by Enslow Publishers, Inc., 2009)
How Counterfeit works?
There are end numbers of Counterfeit goods in the market; the products even cannot be identified without expertise when they come with normally copies holding logos or brand names which are registered as Trade Marks. The products that are counterfeited includes,
- Designer labelled clothes
- Computer software and games
This not end of the list that goes on like this, baby formula, medications, cigarettes, electronic equipment and parts, airplane and automobile parts, and toys. In most of the countries, Counterfeit is illegal and considered as a punishable act.
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