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5. From a purely economic standpoint, should prostitution be licensed, legalized and taxed? Why or why...

5. From a purely economic standpoint, should prostitution be licensed, legalized and taxed? Why or why not?

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From an economic standpoint, prostitution should be legalized, licensed and taxed and this is all because of the fact that prostitution Actually has higher amount of black markets because of the fact that it is still not legal but has a huge demand and this black markets and get to create economic inefficiencies on the whole as a result of which in order to reduce economic inefficiencies it should be legalized, licensed etc.

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