Planned Obsolescence

What is Planned Obsolescence? We tend to view it as something businesses do to make us buy more of their product. It is worth looking at formal definition: A manufacturing decision by a company to make consumer products in such a way that they become out-of-date or useless within a known time period. The main goal of this type of production is to ensure that consumers will have to buy the product multiple times, rather than only once. This naturally stimulates demand for an industry's products because consumers have to keep coming back again and again.