In economics,what's the term used when products are made to last a certain period of time then they break down

Question

I'm pretty sure there is such a word.. I believe the word I'm looking for is defined as: Manufacturers do this inorder for consumers to buy a new similar item for replacement; therefore keeping the supply and demand between producers and consumers in constant flow..

Answer 1

planned obsolescence

Answer 2

Planned obsolescence.

Answer 3

product lifecycle.