Why was the concept of planned obsolescence attractive to some businessmen?

Name: Why was the concept of planned obsolescence attractive to some businessmen?
Brand: Quizplus
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Question

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Planned obsolescence meant that products would not last as long, thus encouraging consumers to keep buying new products to replace the older ones. This perpetuated a cycle of production and consumption, which was attractive to businessmen as it resulted in higher sales and profits.

Why Was the Concept of Planned Obsolescence Attractive to Some