Economic crisis and illegal trade
AuthorPetrou, Stavros N.
PublisherΠανεπιστήμιο Κύπρου, Σχολή Οικονομικών Επιστημών και Διοίκησης / University of Cyprus, Faculty of Economics and Management
Place of publicationCyprus
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Trade is a dynamic process that inevitably has many adverse effects and undesirable effects on the economy and culture. The purpose of this study was to analyze and record consumers' views on their awareness and positions on the notion of smuggling and its effect on the country's economy. The questionnaire was the research instrument for this study. Through Google Forms, the survey was carried out online and the questionnaire was posted on social net-working sites. IBM SPSS was the software used to analyze the results. Through this thesis, it is observed that the current economic downturn is forcing customers into smuggled goods, and that trade seems to be a country's economic issue. The results of the survey also showed that as the age of consumers increases, they feel that trade is an economic and social issue for a country, and that their willing-ness to purchase illegal goods is reduced because of the perception that trade is detrimental to the social sector in the country.