In: Economics
Are legalized forms of gambling, such as state-operated lotteries, consistent with a continuing public policy against the enforcement of gambling contracts? Why or why not?
ans.....
Legalized Gambling
the legalized gambling we means that the gamblings are allowed by
the government. but this is not benefit for the government. in the
united states state owned lotteries are one of the most important
form of legalized gambling. the state owned lotteries are provided
lots amount of dollers for the government. the problems of gambling
we will be discussed.
1.the legalized gambling is more attractive than the illegal
gambling.
2. this will provide safeguard of all financail pproblems by the
consumers.
3.the legalized gambles are to be controlled by the stae government
rather than private individuals.
the govenment make the gambling is illegal for moral. the lotteries
for the sate government is bad one. becuase the peoples are aliways
use the gambles are illegal way. the state cannot create the
criminals directly. the morally peoples are risk lovers. so they
can engaged for more gambling activities. it adversly affected by
the government of the state.