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In ordinary language, a crime is an unlawful act punishable by a state or other authority. [1] The term crime does not, in modern criminal law, have any simple and universally accepted definition, [2] though statutory definitions have been provided for certain purposes. [3]
Financial crimes may involve additional criminal acts, such as computer crime and elder abuse and even violent crimes such as robbery, armed robbery or murder. Financial crimes may be carried out by individuals, corporations, or by organized crime groups. Victims may include individuals, corporations, governments, and entire economies.
The earlier term for the discipline was "political economy", but since the late 19th century, it has commonly been called "economics". [22] The term is ultimately derived from Ancient Greek οἰκονομία (oikonomia) which is a term for the "way (nomos) to run a household (oikos)", or in other words the know-how of an οἰκονομικός (oikonomikos), or "household or homestead manager".
Forensic Economics as defined by the National Association of Forensic Economics (NAFE) is the scientific discipline that applies economic theories and methods to matters within a legal framework. Forensic economics covers, but is not limited to: the calculation of pecuniary damages in personal and commercial litigation;
Economic recession: An increase in average total cost or a decrease in revenue provides the incentive to compete with rival firms in order to secure a larger market share and increased demand. Anti-collusion legal framework and collusive lawsuit .
Price fixing is an anticompetitive agreement between participants on the same side in a market to buy or sell a product, service, or commodity only at a fixed price, or maintain the market conditions such that the price is maintained at a given level by controlling supply and demand.
The most dangerous cities in America. At the other end of the list, Birmingham, Alabama, ranks as the city with the highest crime cost per capita in the U.S. at $11,392, coupled with a high ...
The correlates of crime explore the associations of specific non-criminal factors with specific crimes. The field of criminology studies the dynamics of crime. Most of these studies use correlational data; that is, they attempt to identify various factors are associated with specific categories of criminal behavior.