What is terrorism? Write the economic consequences of terrorism.
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Answers
Answer:
Terrorism alters economic behaviour, primarily by changing investment and consumption patterns as well as diverting public and private resources away from productive activities and towards protective measures. Terrorism destroys capital and reduces the economic capacity of the country affected
Answer:
Terrorism is the unlawful use of force or violence against persons or property to intimidate or coerce a government or its citizens to further certain political or social objectives
Furthermore, they found that terrorism is associated with a reduction in investment spending and an increase in government spending. They also noted that although terrorist attacks are more frequently found in OECD countries, the negative effect of terrorist attacks on these economies is smaller.