Planned Obsolescence

Planned obsolescence is a business strategy in which products are designed with a limited lifespan or functionality, encouraging consumers to replace them after a certain period. This approach can manifest through physical deterioration, technological advancements, or aesthetic changes that render older models less desirable. The practice aims to boost sales and profits but has raised ethical concerns regarding waste, consumer rights, and environmental impact. Critics argue that it contributes to a throwaway culture, while proponents claim it drives innovation and economic growth.
For more information, visit the Wikipedia entry on Planned Obsolescence.This piece of text has been generated by Artificial Intelligence.

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Tagsplanned obsolescencepremature obsolescence
LanguageENGLISH Content typeCOLLECTIONLast updateOCTOBER 20, 2018 AT 01:46:40 UTC