Product Piracy Using Specific Examples, Term Paper

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This will in turn lead to low selling price of most goods hence encouraging people to rely more on the goods because it is genuine and affordable. Pirated goods will therefore have no room to trade because the market will be flooded by genuine goods which are widely used by the citizens Wall Street, 2005()

In creating awareness i.e. using Anti-piracy, the government should increase education of public officials, customs and law enforcement officers to ensure products are not easily pirated while companies must take the lead in raising awareness, educating the public and decision makers on the harms and costs of product piracy. This kind of education helps to increase the effectiveness and discourage consumers from buying counterfeited and pirated products such as movies, music, softwares Smith and Telang, 2009()

Free trade zones provide some of the entry points of pirated goods into a country. Government can reduce or even stop the entry of such counterfeit products through regulating the market and having few agents to trade on behalf of individual or medium companies which form the majority.

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By reducing the number of individual traders, the commodities' genuineness can be certified easily hence reducing some of them passing unnoticed into the market.

Conclusion

Piracy is really killing most manufacturing companies since they can no longer compete with the production capacity of these pirated goods. These pirated goods are everyday penetrating the market hence affecting the market of genuinely produced goods. Many companies and service industries have found themselves closing their operations due to their inability to keep up with the high cost of production as compared to the low market for the goods Pang, 2004.

Therefore for these companies to sustain themselves in the market, they have to come up with various ways to prevent their products from being pirated with the aid of the government......

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