Discuss both the challenges and advantages of measuring the economic impacts of crime. Provide Sources!

Discuss both the challenges and advantages of measuring the economic impacts of crime.

Provide Sources!

Solutions

Expert Solution

The rise in the crime rate across nations has led to development of several methods that can help in measuring the crime rate of a country. The new methods are having difficulty in measuring the total economic impact of crime. This is because economic impact of crime is subjective. Some people. for instance, low income households are impacted more by the rise in the crime rate as compared to rich households. Also, it is difficult to measure the exact economic impact as in some of the sub areas the impact cannot be quantified.

The advantages of measuring economic impact of crime include acceleration of steps taken by the government both at the Central and state level to reduce the crime rate as it impacts overall GDP of the nation. It reduces nation's GDP and thus impact overall production of goods and services in the country.

Thus, the method might have some challenges but overall it is advantageous for the entire country.

Rahul Sunny answered 1 year ago

Next > < Previous

Related Solutions

Describe how crime impacts the economy on a national and international scale. Discuss both the challenges...

Describe how crime impacts the economy on a national and international scale. Discuss both the challenges and advantages of measuring the impacts of crime.

Describe how crime impacts the economy on a national and international scale. Provide Sources!

Discuss three China’s major economic advantages today and how these economic advantages pose both opportunities and...

Discuss three China’s major economic advantages today and how these economic advantages pose both opportunities and threats to foreign multinationals investing in China

1. The impacts of both the political perspectives and operational perspectives of crime control on minorities...

1. The impacts of both the political perspectives and operational perspectives of crime control on minorities and the economically disadvantaged. 2. From your findings discuss which of the four goal(s) of crime control is better achieved by each perspective. Describe why that goal(s) is better achieved than the others. 3. Consider these facts:more than 70% of the U.S. prison population is composed of minorities, and minorities are more often victims of crime.Do you believe that minorities are unfairly profiled, arrested,...

Evaluate the economic impacts of supply chain management (SCM) and how the development of supply sources,...

Evaluate the economic impacts of supply chain management (SCM) and how the development of supply sources, vendors, and logistics builds overall company value into the enterprise. Compare the advantages and disadvantages of SCM and what aspects are most important with the following types of businesses (please prepare a table): global company B2B; Domestic B2C service provider; Web supplier of automotive parts; Consulting services offered world wide; Construction company; Mineral Commodity Exporter; Import jewelry reseller. Judge what role is played by...

Discuss the methods of measuring poverty. Describe the advantages and disadvantages of each method.

Discuss the advantages and disadvantages of a decentralized system of government. What are the challenges to...

Discuss the advantages and disadvantages of a decentralized system of government. What are the challenges to public policy in a decentralized system of government?

Provide a synopsis of the economic, and financial market and financial instrument impacts of the Quantitative...

Provide a synopsis of the economic, and financial market and financial instrument impacts of the Quantitative Easing in the Great Recession (Harvard Case Study) announcements, considering: o The behavior of long-term and short-term rates, o Changes to credit default swaps, and o Inflation expectations.

Research and Identify the advantages and disadvantages of Measuring Level using differential pressure transmitters for both...

Research and Identify the advantages and disadvantages of Measuring Level using differential pressure transmitters for both closed and open tanks.

Identify and discuss possible sources of biases in conventional accounting data. Also discuss the challenges that...

Identify and discuss possible sources of biases in conventional accounting data. Also discuss the challenges that analysts can encounter when attempting to interpret financial data. What recommendations would you give analysts to ensure ease and accuracy of data report in this situations?

Subjects