Describe the Connection Between Bookmaking and Loan-Sharking, Explaining Why Organized

question 42

Essay

Describe the connection between bookmaking and loan-sharking, explaining why organized crime groups are perfectly poised to engage in both of these enterprises.

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Definitions:

Demographic Transition

The shift from high to low birth and death rates as a nation moves from a pre-industrial to an industrial economic system during its development.

National Incomes

The total earnings from production and services by residents of a country, within a specific time period, including wages, profits, and taxes less subsidies.

Low-Income DVCs

Developing countries with low levels of income per capita, often characterized by economic vulnerabilities.

Demographic Transition View

A theory describing the transition from high birth and death rates to lower birth and death rates as a country develops from a pre-industrial to an industrialized economic system.