impact of piracy on business
Answers
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Answer : Piracy results in major losses of revenue to the industry which (for business applications) the SIIA has estimated at around $12.2 billion worldwide (1999 Data). With respect to the game industry "up to 109,000 jobs, $4.5 billion in wages and $1 billion in tax revenues" were estimated to be lost during 1999.
Explanation : Street prices are affected by the extent of illegal commercial copying. ... The resulting market for legal copies will have less price-sensitive demand, thereby causing the manufacturer's profit-maximizing price to increase, which partially offsets the reduction in sales attributable to piracy.
Piracy is an international crime, piracy that directly threatens the lives and lives of seafarers, strongly impacts maritime activity as well as economic development [1]. The global damage caused by piracy is estimated at $ 6.6 to $ 6.9 billion through commercial fraud, loss of cargo or delay.