How do counterfeit luxury goods impact the industry?

Just updated: 50+ Ways to Make Money (including 30+ work from home jobs)

More ways to make money:
FlexJobs – Find remote and flexible jobs in over 50 career fields from all over the world.

Swagbucks – Earn free gifts and cash-back rebates by searching the web, playing games, watching videos, shopping, and more.

Writers Work – Find freelance writing jobs and publish your articles, all while working from home. – Get free stock just for signing up for this investment app.

Question: How do counterfeit luxury goods impact the industry?

Answer: Counterfeit luxury goods can impact the industry by undermining brand reputation, decreasing consumer trust, and costing companies billions of dollars in lost revenue. Counterfeiting is a major problem in the luxury industry, particularly in markets like China and Southeast Asia.

How do luxury goods contribute to the global economy?

How do scarcity and demand impact the cost of luxury goods?