Research Paper About Illegal Gambling In The Philippines
Businesses are the driving engine of economic processes in every global aspect hence their allowance to exist according to their strategic benefits. At the same time, these businesses have implications that either demand remediation or cause controversial stances among regulators, citizens, and other concerned entities. Gambling is one business that is causing intense debates whether it should be made illegal or left to work with the forces of demand and supply. The business of gambling involves wagering of valuable things or wagering money on events whose outcome is unknown with the primary intent of winning additional materials, goods, or funds.
As per this argument, gambling should be illegal since its benefits are far outweighed by the negative implications on social, political, and economic structures. Conduction of gambling businesses is increasingly becoming problematic for people and their supporting socio-economic structures justifying the essence of making the business illegal. According to Schüll (2014), gambling is made of three elements: chance, consideration, and prize. These are the elements that are creating a market of addicted people and processes that are encouraging other illegalities within the American context. Therefore, it is important to illegalize gambling so as to maintain businesses with viable benefits to consumers.