Crime affects the economy by placing a financial burden on taxpayers and governments because of increased needs for police, courts and corrections facilities, as well as intangible costs including psychological trauma and reduced quality of life for crime victims, according to Scott Erickson. In an article for The Daily Caller, Erickson cites a 1999 study conducted by economist David Anderson that estimated the cost of crime at $1.7 billion annually.Know More
This cost includes lost opportunities for victims and lost earnings by those serving time for criminal activity. Anderson estimates that each incarcerated person represents a productivity loss of $23,000. His study also estimates asset transfers due to crime at a half-trillion dollars. Asset transfers result from crimes such as insurance fraud, theft and graft. Anderson also estimates a $200 billion cost for the criminal justice system. This includes costs for local, state and federal law enforcement, courts and prisons.
According to Citylab, crime is episodic and does not necessarily go up or down during hard economic times. Studies and statistics show that crime has risen and fallen during times of economic decline, depending on many factors, including location. Criminologists tend to argue that crime rises when the economy falters, while economists tend to argue that crime falls along with the economy.Learn more about Economics
Currency fluctuation, also called voltage fluctuation, is caused primarily by a reduced quality of power supply stemming from corroded or loose wire connections, which may produce power surges, brownouts, blackouts and spikes. Currency fluctuations are typically brief, and may arise without warning. These fluctuations may produce flickering and dimming lights or cause lights to become brighter.Full Answer >
The police are referred to as "5-0" based on the title of an elite police unit in the popular crime drama "Hawaii 5-0". The show ran from 1968 to 1980. The "5-0" crime-fighting team was well-recognized and popular with viewers.Full Answer >
The primary responsibility of the police is to protect citizens from harm and danger, advocate for victims of crimes and promote the accountability of criminals by enforcing laws set forth by the city, state and country. The police are also responsible for responding to 911 calls, interviewing witnesses and victims of crimes, investigating crimes in an attempt to secure criminals and making arrests.Full Answer >
The World Trade Organization ensures that countries that trade goods and services have a say in how trade is conducted on an international level, thereby promoting peaceful relations, stimulating global economic growth, lowering the cost of living for residents of many nations and creating challenges to governments that seek to gain an economic advantage through corrupt trade practices. The WTO generally encourages transparent government among its members.Full Answer >