The next time you see an item for sale at a price too good to be true, consider the ramifications before you buy. Chances are the product is a knockoff of the original design and not only could you be exchanging quality for savings, but you could be increasing your risk of injury or illness.
A recent report from the Organisation for Economic Cooperation and Development (OECD) revealed that the problem of counterfeit merchandise today has reached far beyond luxury clothing accessories, and the risks associated with these products has increased dramatically especially when connected with such sectors as toy manufacturing and pharmaceuticals. The big danger to consumers is that these knockoffs are usually of inferior quality compared to the original products. This low quality can compromise the health and safety of the consumer. To see just how far-reaching this problem has become today, read “Counterfeit goods: A $461 billion problem.”