What are some negative and positive externalities in the casino industry?
2007-08-21 08:41:41 · 5 answers · asked by Anonymous in Social Science ➔ Economics
Positive externalities mostly have to do with better local government finances (which, if the local government is any good, immediately translates into better financed schools and hospitals) and increasing land/property values.
Negative externalities usually have to do with crime and law enforcement; heavy traffic through gambling establishments and related hotels means that more crimes are committed. So there is the direct impact of crime on quality of life, as well as the monetary costs of crime prevention and law enforcement...
2007-08-21 09:02:47 · answer #1 · answered by NC 7 · 2⤊ 0⤋
Positives, they employ a lot of people.
Negatives, many times the money that is lost in them is sent to vegas or someplace else rather than it buying back into the community. Casino areas are also notorious for an increase in crime rates
2007-08-21 16:50:06 · answer #2 · answered by Thomas K 3 · 0⤊ 0⤋
Negative:
Drunk driving, attract unwanted people to neighboring areas, theft, crime, etc.
Positive:
More money people spend at the casino, more shops and restaurants and other entertainment sites are built, which create better economic growth.
2007-08-21 11:47:49 · answer #3 · answered by Pluto 3 · 0⤊ 0⤋
Apparently the world drug trade would not exist and be as flourishing as it is if it weren't for Las Vagas and it's ability to launder dirty money. It depends on who you talk to that determines if that's a positive or negative.
There's prostitution,alcoholism,drug addiction,addiction to gambling,adultery,broken homes ,bankruptcy,suicide,and that's just off the top of my head!
Viva Lost Vagas!!!
2007-08-21 09:01:43 · answer #4 · answered by robert2011@sbcglobal.net 4 · 0⤊ 1⤋
my bro write about externalities and stuff
I bet he could
2007-08-21 11:14:57 · answer #5 · answered by Anonymous · 0⤊ 1⤋