Paper Details  
 
   

Has Bibliography
2 Pages
480 Words

 
   
   
    Filter Topics  
 
     
   
 

Economics4

calculates that the average American spends 4 minutes a day preventing crime by locking and unlocking valuables. The estimated number wasted by not producing money in those four minutes a day, by all Americans yearly, is 89.6 billion dollars. The article explains that millions of people are sitting idle in jails when they could be out helping the economy. The estimated number of money lost by these idle potential workers is 35 billion. In addition to this number, time lost in planning and executing crimes is about 4.1 million. Also, the time lost by victims of crime adds up to 876 million, and then time spent at neighborhood watches another 655 million. According to the article, the total loss in time is 130 billion dollars! Also, the costs incurred by the medical system is 574 billion dollars and the cost of property and money that is stolen through fraud is 603 billion dollars. ...

< Prev Page 2 of 2 Next >

    More on Economics4...

    Loading...
 
Copyright © 1999 - 2024 CollegeTermPapers.com. All Rights Reserved. DMCA