The Impact Of Crime On Business: A Model For Prevention, Detection & Remedy

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Since the nineteenth century, sociologists have studied the relationship between economic business cycles and increases in crime. According to the U.S. Chamber of Commerce, crime may be a factor in as many as 30 percent of all business failures. Despite other variables that may contribute to increases in criminal activity, the current economic recession will likely accelerate criminal activity ranging from shoplifting and robbery to fraud and embezzlement. In this paper, the researcher examines the role of prevention and detection of criminal activity and offers prevention as the most cost-effective means to reduce the impact on business.