In: Operations Management
Share your thoughts on economic theory in this week's discussion. What are some examples of economic crime? When it comes to victimization, what are some of the costs associated with economic crime? Can the media influence economic crime? How? Each question should have its own paragraph with complete sentences.
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The economic theory of criminal behaviour is the application of neoclassical demand theory. Potential culprits are reported to be economically practical and respond significantly to the impediments provided by the criminal justice system. Criminal activity acts as a tax on the entire economy. This redistributes resources that inhibit direct and foreign investment, reduce business competitiveness, and create uncertainty and inefficiency.
In these crimes, the main motive for the crime is economic benefits. Crime, tax evasion, looting, the sale of controlled organizations and the use of the economic economy are all examples of economic crimes. Corruption is one of those diverse and widespread symptoms, which is an economic crime. Therefore, our vision is not only limited to the crimes committed in the public sector, but also to those who have been targeted by economic actors in the private sector.
Crime costs include forgotten opportunities in criminal activities, imprisonment, crime prevention and recovery after the victim. The risk of crime incurs special costs in lox, security lights, security fields, alarm systems, antivirus software, and armored vehicles.
Yes, it is. The media influences economic crime. The media is the main source of criminal information. Commercial pressures have recently highlighted the treatment of crime and rebellion in the media, and as a result, communication has played an important role in reforming public opinion and ultimately criminal justice policy. Public opinion in the new media also influences politics. The new media follows with two-way communication. The new media has a positive and negative impact on politics, but it also strains the relationship between people and politicians.