Society today has many fake commodities. Fake commodities are defined as products or services that misrepresent themselves by claiming to be made by or associated with a company or brand to which said product or service has no actual connection. Fake commodities harm producers, consumers, and society in various ways.
Fake commodities injure producers by violating their intellectual and production rights. Producers provide goods and services for personal profit. If others attempt to duplicate and sell others' goods or services without financially compensating them, they are engaging in theft.
Fake commodities hurt consumers by reducing quality control and security. Fake commodities are a much lower grade than their genuine counterparts. However, they sometimes appear the same, especially if not closely examined. This harms quality conscious consumers by robbing them of time and money.
Fake commodities harm society by stifling creativity and arousing legal complications. As victimized legitimate producers lose profit incentive, fewer new products are introduced. This hinders society's material progress. Additionally, lawsuits filed by victimized producers can strain the economy and burden the justice system.
Fake commodities cause harm at the production, consumption, and economic levels. Their riddance should be an important part of any society's development program.