The impact of illicit trade is generally considered negative for several reasons:

1. While it might seem that illicit trade allows consumers to access genuine high quality products at low prices, this is often not the case. Many illicit goods are actually counterfeit or of poor quality.

2. Illicit trade does not facilitate the recovery of taxes by states. In fact, it often results in significant tax revenue loss because these transactions are not reported or regulated.

3. Illicit trade does indeed strengthen criminal rings. It provides a major source of income for organized crime groups, contributing to their growth and power.

So, overall, the impact of illicit trade is not good.

Question

The impact of illicit trade is generally considered negative for several reasons:

1. While it might seem that illicit trade allows consumers to access genuine high quality products at low prices, this is often not the case. Many illicit goods are actually counterfeit or of poor quality.

2. Illicit trade does not facilitate the recovery of taxes by states. In fact, it often results in significant tax revenue loss because these transactions are not reported or regulated.

3. Illicit trade does indeed strengthen criminal rings. It provides a major source of income for organized crime groups, contributing to their growth and power.

So, overall, the impact of illicit trade is not good.

Knowee AI · Accepted Answer

The impact of illicit trade is generally considered negative for several reasons:

1. While it might seem that illicit trade allows consumers to access genuine high quality products at low prices, this is often not the case. Many illicit goods are actually counterfeit or of poor quality.

2. Illicit trade does not facilitate the recovery of taxes by states. In fact, it often results in significant tax revenue loss because these transactions are not reported or regulated.

3. Illicit trade does indeed strengthen criminal rings. It provides a major source of income for organized crime groups, contributing to their growth and power.

So, overall, the impact of illicit trade is not good.

s the impact of illicit trade good or not?1 pointYes, it allows consumers to access genuine high quality products at low prices Yes, it facilitates the recovery of taxes by the statesNo, it strengthens criminal ring

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