Question

In: Economics

based on what you may have read in the local paper or seen on the media,...

based on what you may have read in the local paper or seen on the media, it appears that business-related crimes are on the rise recently. Why do you think this is the case? Do you think that more crime is taking place due to technology or simply because more criminals are being caught and apprehended? Provide examples of recent crimes in your response.

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Expert Solution

Business related crimes are the financial, economic or corporate crimes, usually involving fraud and theft which are mostly carried out by the sophisticated means. These business related crimes are on the rise recently i.e. in the recent days or months there are more frequent business related crimes. The main reason for this type of crime is the lack of employment for the educated youths. The youths who are now ready for work bit don't get any finds this simple way of earning money and hence involve in these illigal crimes. These are the people who are normally more educated but morally not educated and hence they develop a criminal mind and earn money from illegal means. Some even do it because they like this and they get thrill in this, but the most important reason is the lack of income.

It can be truly said that more crime is taking place due to the advancement of technology, because now a days most of these business crimes are online frauds. There is very high level of technology and hence they use it in a bad way. These people can hack bank accounts or your credit card details and can withdraw money. Technology is considered as one of the main causes because in recent times it has been seen that most of these crimes has taken place through the digital platforms or with the help of technology. But there are many other causes which can't be denied.

You can give examples from your own area for which you can take the help of newspaper in which it is mentioned with all details.


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