The Effect of Drugs on the Economy
The drug trade has allowed for kingpins to make billions of dollars through illegal activities. This large amount of money being made illegally can have an obvious effect on local and national economies. Despite this, there may be ways to flip this loss of money to illegal activities and turn it into a beneficial industry for our economy. A question that must be addressed about drugs is “how have drugs impacted the economy in the past 50 years?” Drugs have had a major effect on the americas in the past 50 years, influencing many different events in american history. There are different factors that have lead to economic damage, and economic benefits caused by drugs. The different influence drugs have had …show more content…
The pharmaceutical industry provides millions of dollars in revenue in medical fields each year, and undeniably has a large impact on the economy. One source of this revenue is prescription and over the counter drugs. Over the counter drugs such as prilosec can see Billions of dollars in revenue each year, as they are easy to obtain, and usually are advertised heavily. The detail men mentioned prior usually promote these drugs to people in public, and can make up to 90,000 dollars a year doing this work (Elliot). Although over the counter drugs can provide a large amount of revenue, prescription drugs can also be extremely profitable, as they are more expensive per unit. Doctors can see this as a way to earn money, and this can lead to corruption in the medical field. The amount of prescriptions given by doctors actually affects their monetary gains, so doctors are always willing to give their patients an unnecessarily large dosage to earn more(Elliot). These examples and other examples are reasons why the pharmaceutical industry nets tens of billions of dollars per year alone, through taking advantage of the system and maximizing …show more content…
Drugs have caused a plethora of issues in the past economically, and continue to cause issues to this day. The war on drugs has caused many issues economically to both north and south america. Crime has also caused many issues in the US because of drugs, although the issue is improving. But there can be benefits derived from drugs to the economy. The pharmaceutical industry has stimulated the economy, providing billions of dollars per year. Legalization would mean that the economy would also benefit from new jobs and businesses, and also decreased spending on the prison system. Overall, Drugs have caused problems with the economy in the past and the present, but if the right steps are taken, the economy can begin to see new economic benefits from drugs, as long as it receives support from the
The drug trade has allowed for kingpins to make billions of dollars through illegal activities. This large amount of money being made illegally can have an obvious effect on local and national economies. Despite this, there may be ways to flip this loss of money to illegal activities and turn it into a beneficial industry for our economy. A question that must be addressed about drugs is “how have drugs impacted the economy in the past 50 years?” Drugs have had a major effect on the americas in the past 50 years, influencing many different events in american history. There are different factors that have lead to economic damage, and economic benefits caused by drugs. The different influence drugs have had …show more content…
The pharmaceutical industry provides millions of dollars in revenue in medical fields each year, and undeniably has a large impact on the economy. One source of this revenue is prescription and over the counter drugs. Over the counter drugs such as prilosec can see Billions of dollars in revenue each year, as they are easy to obtain, and usually are advertised heavily. The detail men mentioned prior usually promote these drugs to people in public, and can make up to 90,000 dollars a year doing this work (Elliot). Although over the counter drugs can provide a large amount of revenue, prescription drugs can also be extremely profitable, as they are more expensive per unit. Doctors can see this as a way to earn money, and this can lead to corruption in the medical field. The amount of prescriptions given by doctors actually affects their monetary gains, so doctors are always willing to give their patients an unnecessarily large dosage to earn more(Elliot). These examples and other examples are reasons why the pharmaceutical industry nets tens of billions of dollars per year alone, through taking advantage of the system and maximizing …show more content…
Drugs have caused a plethora of issues in the past economically, and continue to cause issues to this day. The war on drugs has caused many issues economically to both north and south america. Crime has also caused many issues in the US because of drugs, although the issue is improving. But there can be benefits derived from drugs to the economy. The pharmaceutical industry has stimulated the economy, providing billions of dollars per year. Legalization would mean that the economy would also benefit from new jobs and businesses, and also decreased spending on the prison system. Overall, Drugs have caused problems with the economy in the past and the present, but if the right steps are taken, the economy can begin to see new economic benefits from drugs, as long as it receives support from the