How does stolen cars affect the economy?
soccerkidlot asked:
I have to do a Term paper for Economics and I have to write it on Most stolen cars and how that effects the economy. Like supply and demand and stuff like that…
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I have to do a Term paper for Economics and I have to write it on Most stolen cars and how that effects the economy. Like supply and demand and stuff like that…
Can someone help me and explain how it effects the economy?
December 18th, 2009 at 10:47 pm
it doesnt ! Jay
December 21st, 2009 at 12:14 pm
Stolen cars cost the economy in terms of higher insurance premiums for car insurance. Plus the parts are sold for prices under the market value and the cost of policing the crimes all contribute to higher consumer costs. It is a consumer cost problem as all costs associated with theft are passed on to the consumers (you and I). ronald.glass@sbcglobal.net