Differentiate between occupational and corporate crime, and discuss their relative impact on society

Question

What will be an ideal response?

Answer 1

Occupational crime comprises illegal activities committed by people in the course of

their employment or financial affairs. In addition to acting for their own financial

benefit, some occupational offenders become involved in criminal conspiracies

designed to improve the market share or profitability of their companies. This is known

as corporate crime—illegal acts committed by corporate employees on behalf of the

corporation and with its support. Examples include antitrust violations? tax evasion?

misrepresentations in advertising? infringements on patents, copyrights, and trademarks?

price fixing? and financial fraud. These crimes are a result of deliberate decisions made

by corporate personnel to enhance resources or profits at the expense of competitors,

consumers, and the general public. Corporate crimes are often more costly in terms of

money and lives lost than conventional (street) crimes. Thousands of jobs and billions

of dollars are lost each year due to corporate crimes. Deaths resulting from corporate

crimes such as polluting the air and water and manufacturing defective products far

exceed the number of deaths due to homicide each year.