Social cost of crime is something we all can relate to. In today’s society crime is at an all-time and with that comes the cost. Crime sadly is something that will never go away. But as a society we can pull together to prevent crime and lower crime rates. This paper will discuss social cost and give examples of social cost.
The definition of social cost can vary from person to person. But my definition of social cost would be cost that society pays to deter future acts of crime. In other words what an individual/society would pay to maintain safety. This would include anything that a neighborhood may pay for the safety of everyone. As a whole society will stick together to fight crime. No one wants to be a victim of a crime and therefore will try to prevent it. Although, in life nothing is preventable but measures are taken to lessen the chances of something. One society cost that may accrue is citizens paying more to have a …show more content…
Economic cost is on the inside spectrum of crime. Things that would be included in economic cost may include: incarceration of an individual, prosecution, arrest cost and financial losses. Every time a person commits a crime and gets arrested money is being lost. It takes a lot of money to incarcerate and individual. According to the U.S. Bureau of Prisons, the average annual cost of incarceration in Federal prisons in 2010 was $28,284 per inmate. (http://thelawdictionary.org/article/what-is-the-average-cost-to-house-inmates-in-prison/) That is what some people make in a year of work. But one example I am going to use is: Let’s say a little mom and pop shop is broken into. Majority of their inventory is either ruined or stolen. The cost to fix and repair the store and get new inventory exceeds the owner’s bankroll. Therefore, the mom and pop shop has to close their doors due to the break in which cost them everything they had. (In most cases business owners have insurance, just an
The definition of social cost can vary from person to person. But my definition of social cost would be cost that society pays to deter future acts of crime. In other words what an individual/society would pay to maintain safety. This would include anything that a neighborhood may pay for the safety of everyone. As a whole society will stick together to fight crime. No one wants to be a victim of a crime and therefore will try to prevent it. Although, in life nothing is preventable but measures are taken to lessen the chances of something. One society cost that may accrue is citizens paying more to have a …show more content…
Economic cost is on the inside spectrum of crime. Things that would be included in economic cost may include: incarceration of an individual, prosecution, arrest cost and financial losses. Every time a person commits a crime and gets arrested money is being lost. It takes a lot of money to incarcerate and individual. According to the U.S. Bureau of Prisons, the average annual cost of incarceration in Federal prisons in 2010 was $28,284 per inmate. (http://thelawdictionary.org/article/what-is-the-average-cost-to-house-inmates-in-prison/) That is what some people make in a year of work. But one example I am going to use is: Let’s say a little mom and pop shop is broken into. Majority of their inventory is either ruined or stolen. The cost to fix and repair the store and get new inventory exceeds the owner’s bankroll. Therefore, the mom and pop shop has to close their doors due to the break in which cost them everything they had. (In most cases business owners have insurance, just an