Definitions for counterfeit consumer goods
coun·ter·feit con·sumer goods

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1. Counterfeit consumer goods

   Counterfeit consumer goods (or counterfeit and fraudulent, suspect items - CFSI) are goods, often of inferior quality, made or sold under another's brand name without the brand owner's authorization. Sellers of such goods may infringe on either the trademark, patent or copyright of the brand owner by passing off its goods as made by the brand owner.: 3  Counterfeit products made up 5 to 7% of world trade in 2013, and in 2014 cost an estimated 2.5 million jobs worldwide, with up to 750,000 jobs lost in the U.S. About 5% of goods imported into the European Union in 2013 were fakes, according to the OECD.The colloquial term knockoff is often used interchangeably with counterfeit, although their legal meanings are not identical. Knockoff products are those that copy or imitate the physical appearance of other products but which do not copy the brand name or logo of a trademark. They may still be illegal under trademark laws if they confuse consumers. Counterfeiters can include producers, distributors or retail sellers. Pirated goods are reproductions of copyrighted products used without permission, such as music, movies or software.: 96  Exact definitions depend on the laws of various countries. Growing over 10,000% in the last two decades, counterfeit products exist in virtually every industry sector, including food, beverages, apparel, accessories, footwear, pharmaceuticals, cosmetics, electronics, auto parts, toys, and currency. The spread of counterfeit goods are worldwide, with the International Chamber of Commerce (ICC) in 2008 having estimated the global value of all counterfeit goods at $650 billion annually, increasing to $1.77 trillion by 2015. Countries including the U.S., Italy and France are among the hardest hit, as their economies thrive on producing high-value products, protected by intellectual property rights and trademarks. By 2017, the U.S. alone was estimated to be losing up to $600 billion each year to counterfeit goods, software piracy and the theft of copyrights and trade secrets.

How to pronounce counterfeit consumer goods?

1. Alex

   US English

   David

   US English

   Mark

   US English

   Daniel

   British

   Libby

   British

   Mia

   British

   Karen

   Australian

   Hayley

   Australian

   Natasha

   Australian

   Veena

   Indian

   Priya

   Indian

   Neerja

   Indian

   Zira

   US English

   Oliver

   British

   Wendy

   British

   Fred

   US English

   Tessa

   South African

How to say counterfeit consumer goods in sign language?

Numerology

1. Chaldean Numerology

   The numerical value of counterfeit consumer goods in Chaldean Numerology is: 1

2. Pythagorean Numerology

   The numerical value of counterfeit consumer goods in Pythagorean Numerology is: 7

References

1. ^ Wikipedia
   https://en.wikipedia.org/wiki/Counterfeit_Consumer_Goods