Tag: piracy

Piracy And Counterfeiting – How Do They Affect Society?

Business, Education, Government, Politics, Technology
Nowadays, replica watches, such as Luxury Replica, are a big hit in the market, both online and offline, because of its luxurious and historic designs. You might think that replica watches are illegal, but it isn’t. Replicas are akin to knockoffs, wherein a design of the original is replicated, however not the trademark or product of the original brand.  Although it is legal, the original brand could still bring them to court. Piracy and counterfeiting are illegal. They are a type of theft which, in recent years, has been growing steadily that reached an approximated worth of up to 917 billion U.S. dollars annually for the unlawful trade in pirated and counterfeited goods alone. In 2015, the worldwide worth of digital piracy of films, music as well as software have reached over 213 U.S.