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Planned obsolescence

Planned obsolescence
For an industry, planned obsolescence stimulates demand by encouraging purchasers to buy sooner if they still want a functioning product. There is however the potential backlash of consumers who learn that the manufacturer invested money to make the product obsolete faster; such consumers might turn to a producer (if any exists) that offers a more durable alternative. Estimates of planned obsolescence can influence a company's decisions about product engineering. Therefore, the company can use the least expensive components that satisfy product lifetime projections. Such decisions are part of a broader discipline known as value engineering.[citation needed] Philosophers such as Herbert Marcuse and Jacque Fresco have criticized the economic and societal implications of this model. History and origins of the phrase[edit] In the United States, automotive design reached a turning point in 1924 when the American national automobile market began reaching saturation. Systemic obsolescence[edit]

http://en.wikipedia.org/wiki/Planned_obsolescence

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