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The Economics of Addiction
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Healthcare Costs
Addiction significantly increases healthcare costs due to the need for treatment of substance-related health complications, emergencies, and rehabilitation services.
Productivity Loss
Addiction can reduce individual productivity, leading to absenteeism, decreased workplace performance, and higher unemployment rates, affecting overall economic growth.
Crime and Enforcement Costs
Addiction is associated with increased crime rates, which leads to higher public spending on law enforcement, legal proceedings, and correctional facilities.
Social Welfare Expenses
Government spending on social welfare programs often increases to support individuals and families affected by addiction, impacting public budgets.
Impact on Gross Domestic Product (GDP)
The aggregate effect of addiction on healthcare, productivity, crime, and social welfare can lead to a lower GDP, reflecting a country's weakened economic state.
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