Post
Topic
Board Economics
Re: Sea Piracy, it's effect on the local economy
by
adiksau0414
on 28/05/2024, 08:37:08 UTC
Maybe it is true that those who engage in piracy can profit quickly and handsomely, but it is crucial to take into account the effects that piracy may have on the economy as a whole. Legitimate companies, including those in the entertainment sector, might suffer from piracy by losing money and being unable to produce new material. Furthermore, the proceeds from piracy are frequently utilized for illicit purposes and do not advance a nation's economy as a whole.