what is terrorism? write the economic consequences of terrorism.
please answer according to 6 marks answer
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 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.
Terrorist acts can cause ripple effects through the economy that have negative impacts. The most obvious is the direct economic destruction of property and lives. Terrorism indirectly affects the economy by creating market uncertainty, xenophobia, loss of tourism, and increased insurance claims.