Final answer:
Counterfeit goods refer to the unauthorized distribution of trademarked goods sold by unauthorized persons or organizations in world markets.
Step-by-step explanation:
The unauthorized distribution of trademarked goods sold by unauthorized persons or organizations in world markets is known as counterfeit.
Counterfeit goods refer to products that are imitations or replicas of genuine products, typically bearing the same trademark or logo as the original. These goods are produced and sold without the authorization of the trademark owner and often infringe on intellectual property rights. For example, counterfeit designer handbags or fake branded electronics are commonly found in global markets, with individuals or organizations illegally distributing these goods to make a profit.