Question

How does violence impact the economy

Answer 1

Answer:

The global economic impact of violence was $14.76 trillion PPP in 2017, equivalent to 12.4 per cent of global GDP, or $1,988 per person. ... The average economic cost of violence was 45 per cent of GDP for the ten most affected countries.

Answer 2

Answer:

A comparison between the most and least peaceful countries by the Institute for Economic & Peace shows the economic burden violence generates for societies.

Points which impact the country's economy are :

• causing suffering
• interpersonal violence
• social unrest
• collective violence hinders productivity and economic activity

Thus, Violence disrupts the economy, resulting in adverse and ongoing negative effects even after conflict subsides.

Hope it helps!!