Final answer:
Planned obsolescence is the strategy of deliberately designing products to fail in order to shorten the time between purchases. It is a business practice that aims to make products obsolete or unusable from the time they are created.
Step-by-step explanation:
Planned obsolescence is the strategy of deliberately designing products to fail in order to shorten the time between purchases.
A classic example of planned obsolescence is the nylon stocking, which gets runs or ladders after only a few wearings, requiring them to be discarded and new ones purchased. Another example is how technology companies count on their products to fail frequently enough that it costs more to fix them than to replace them with newer models.
Planned obsolescence is a business practice that aims to make products obsolete or unusable from the time they are created.