Final answer:
Planned obsolescence is a business strategy to design products with a limited lifespan to boost sales and revenue, impacting consumers and the environment. Awareness of this tactic is essential for making sustainable consumer choices.
Explanation:
Planned obsolescence is a business strategy where products are intentionally designed to have a limited lifespan, pushing consumers to purchase newer versions. This practice is seen in various industries like technology, appliances, and fashion, where older models are made difficult or costly to repair or upgrade.
Companies rely on planned obsolescence to drive sales and maintain a steady revenue stream. This strategy not only affects consumer wallets but also contributes to electronic waste and environmental concerns.
Understanding the impact of planned obsolescence is crucial in making informed purchasing decisions and advocating for sustainable production practices.
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