|
Demerit Good
In economics, a demerit good is "a good or service whose consumption is considered unhealthy, degrading, or otherwise socially undesirable due to the perceived negative effects on the consumers themselves"; it could be over-consumed if left to market forces of supply and demand. Examples of demerit goods include tobacco, alcoholic beverages, recreational drugs, gambling and junk food. Because of the nature of these goods, governments often levy taxes on these goods (specifically, sin taxes), in some cases regulating or banning consumption or advertisement of these goods. Concept There is an important conceptual distinction between a demerit good and a negative externality. A negative externality occurs when the consumption of a good has measurable negative consequences on others who do not consume the good themselves. Pollution (due, for example, to automobile use) is the canonical example of a negative externality. By contrast, a demerit good is considered as undesirable becaus ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Economics
Economics () is a behavioral science that studies the Production (economics), production, distribution (economics), distribution, and Consumption (economics), consumption of goods and services. Economics focuses on the behaviour and interactions of Agent (economics), economic agents and how economy, economies work. Microeconomics analyses what is viewed as basic elements within economy, economies, including individual agents and market (economics), markets, their interactions, and the outcomes of interactions. Individual agents may include, for example, households, firms, buyers, and sellers. Macroeconomics analyses economies as systems where production, distribution, consumption, savings, and Expenditure, investment expenditure interact; and the factors of production affecting them, such as: Labour (human activity), labour, Capital (economics), capital, Land (economics), land, and Entrepreneurship, enterprise, inflation, economic growth, and public policies that impact gloss ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Cigarette
A cigarette is a narrow cylinder containing a combustible material, typically tobacco, that is rolled into Rolling paper, thin paper for smoking. The cigarette is ignited at one end, causing it to smolder; the resulting smoke is orally inhaled via the opposite end. Cigarette smoking is the most common method of tobacco consumption. The term ''cigarette'', as commonly used, refers to a tobacco cigarette, but the word is sometimes used to refer to other substances, such as a joint (cannabis), cannabis cigarette or a herbal cigarette. A cigarette is distinguished from a cigar by its usually smaller size, use of processed leaf, different smoking method, and paper wrapping, which is typically white. There are significant negative health effects from smoking cigarettes such as cancer, chronic obstructive pulmonary disease (COPD), cardiovascular disease, heart disease, birth defects, and other Health effects of tobacco, health problems relating to nearly every organ of the body. Most ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Cigarette Taxes In The United States
In the United States, cigarettes are taxed at both the federal and state levels, in addition to any state and local sales taxes and local cigarette-specific taxes. Cigarette taxation has appeared throughout American history and is still a contested issue today. History Although cigarettes were not popular in the United States until the mid-19th century, the federal government still attempted to implement a tax on tobacco products such as snuff early on in its history. In 1794, secretary of the treasury Alexander Hamilton introduced the first ever federal excise tax on tobacco products. Hamilton's original proposal passed after major modifications, only to be repealed shortly thereafter with an insignificant effect on the federal budget. Even though Hamilton's tax on tobacco failed, tobacco taxation continued to play an important role in American history. On July 1, 1862, the United States Congress passed excise taxes on many items including tobacco. This occurred as a result ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Alcohol Tax
Excise taxes on alcoholic beverages are per unit taxes levied by governments to raise revenue or used as corrective taxes to control health-related Externality, externalities associated with consumption of alcohol. This page addresses the economics and politics of alcohol excise taxation. Background Excise taxes are specific taxes applied to production, distribution or sale of a commodity or service, such as Alcohol (drug), alcohol, tobacco, Fuel taxes in the United States, gasoline, Sugary drink tax, sugary drinks, marijuana, plastic bags, Tanning tax, indoor tanning, bicycles, firearms, and gambling. Other terms for these taxes are an excise duty, indirect tax, unit tax, user fee, commodity tax, consumption tax, luxury tax, sumptuary tax, and sin tax. Excise tax in the United States, Excise taxes may be used to raise revenue or as corrective taxes to address externalities associated with production or consumption. Taxing producers using specific taxes is believed to reduce admin ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Alcohol Law
Alcohol laws are laws relating to manufacture, Drinking alcohol, use, as Drunkeness, being under the influence of and sale of Alcohol (drug), alcohol (also known formally as ethanol) or alcoholic beverages. Common alcoholic beverages include beer, wine, (hard) cider, and distilled Spirits (alcohol), spirits (e.g., vodka, rum, gin). Definition of alcoholic beverage varies internationally, e.g., the United States defines an alcoholic beverage as "any beverage in liquid form which contains not less than one-half of one percent of alcohol by volume". Alcohol laws can restrict those who can produce alcohol, those who can buy it (often with Legal drinking age, minimum age restrictions and laws against selling to an already intoxicated person), when one can buy it (with hours of serving or days of selling set out), labelling and Alcohol advertising, advertising, the types of alcoholic beverage that can be sold (e.g., some stores can only sell beer and wine), where one can consume it (e.g ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Soda Tax
A sugary drink tax, soda tax, or sweetened beverage tax (SBT) is a tax or fee, surcharge (food-related fiscal policy) designed to reduce consumption of sweetened beverages by making them more expensive to purchase. Drinks covered under a soda tax often include Carbonation, carbonated soft drinks, sports drinks and energy drinks. Fruit juices without added sugar are usually excluded, despite similar sugar content, though there is some debate on including them. This policy intervention is an effort to decrease obesity and the health impacts related to being overweight. The tax is a matter of public debate in many countries and beverage production, beverage producers like Coca-Cola often oppose it. Advocates such as national medical associations and the World Health Organization promote the tax as an example of a Pigouvian tax, aimed to discourage Healthy diet#Unhealthy diets, unhealthy diets and offset the growing Obesity#Economic impact, economic costs of obesity. Design Tax des ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Pigovian Tax
A Pigouvian tax (also spelled Pigovian tax) is a tax on any market activity that generates negative externalities (i.e., external costs incurred by third parties that are not included in the market price). It is a method that tries to internalize negative externalities to achieve the Nash equilibrium and optimal Pareto efficiency. The tax is normally set by the government to correct an undesirable or inefficient market outcome (a market failure) and does so by being set equal to the external marginal cost of the negative externalities. In the presence of negative externalities, social cost includes private cost and external cost caused by negative externalities. This means the social cost of a market activity is not covered by the private cost of the activity. In such a case, the market outcome is not efficient and may lead to over-consumption of the product. Often-cited examples of negative externalities are environmental pollution and increased public healthcare costs assoc ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Heroin Addict
Opioid use disorder (OUD) is a substance use disorder characterized by cravings for opioids, continued use despite physical and/or psychological deterioration, increased tolerance with use, and withdrawal symptoms after discontinuing opioids. Opioid withdrawal symptoms include nausea, muscle aches, diarrhea, trouble sleeping, agitation, and a low mood. Addiction and dependence are important components of opioid use disorder. Risk factors include a history of opioid misuse, current opioid misuse, young age, socioeconomic status, race, untreated psychiatric disorders, and environments that promote misuse (social, family, professional, etc.). Complications may include opioid overdose, suicide, HIV/AIDS, hepatitis C, and problems meeting social or professional responsibilities. Diagnosis may be based on criteria by the American Psychiatric Association in the DSM-5. Opioids include substances such as heroin, morphine, fentanyl, codeine, dihydrocodeine, oxycodone, and hydrocodone. ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Paternalism
Paternalism is action that limits a person's or group's liberty or autonomy against their will and is intended to promote their own good. It has been defended in a variety of contexts as a means of protecting individuals from significant harm, supporting long-term autonomy, or promoting moral or psychological well-being. Such justifications are commonly found in public health policy, legal theory, medical ethics, and behavioral economics, where limited intervention is viewed as compatible with or even supportive of personal agency. Some, such as John Stuart Mill, think paternalism can be appropriate towards children, saying: Paternalism towards adults is sometimes characterized as treating them as if they were children. Some critics argue that such interventions can infringe upon autonomy and reflect insufficient respect for an individual’s capacity for self-determination. The terms 'paternalism,' 'paternalistic,' and 'paternalist' are sometimes used pejoratively, particula ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Welfarism
In ethics, welfarism is a theory that well-being, what is good for someone or what makes a life worth living, is the only thing that has intrinsic value. In its most general sense, it can be defined as descriptive theory about what has value but some philosophers also understand welfarism as a moral theory, that what one should do is ultimately determined by considerations of well-being. The right action, policy or rule is the one leading to the maximal amount of well-being. In this sense, it is often seen as a type of consequentialism, and can take the form of utilitarianism. It is important for various discussions and arguments about welfarism how the nature of well-being is understood. Pure welfarists hold that this value is directly determined by the individual degrees of well-being of each entity. Impure welfarists, on the other hand, include other factors related to well-being, like whether the well-being is equally distributed among sentient entities. Hedonists try to give ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Welfare Economics
Welfare economics is a field of economics that applies microeconomic techniques to evaluate the overall well-being (welfare) of a society. The principles of welfare economics are often used to inform public economics, which focuses on the ways in which government intervention can improve social welfare. Additionally, welfare economics serves as the theoretical foundation for several instruments of public economics, such as cost–benefit analysis. The intersection of welfare economics and behavioral economics has given rise to the subfield of behavioral welfare economics. Two fundamental theorems are associated with welfare economics. The first states that competitive markets, under certain assumptions, lead to Pareto efficient outcomes. This idea is sometimes referred to as Adam Smith's invisible hand. The second theorem states that with further restrictions, any Pareto efficient outcome can be achieved through a competitive market equilibrium, provided that a social ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Passive Smoking
Passive smoking is the inhalation of tobacco smoke, called passive smoke, secondhand smoke (SHS) or environmental tobacco smoke (ETS), by individuals other than the active Tobacco smoking, smoker. It occurs when tobacco smoke diffuses into the surrounding atmosphere as an aerosol pollutant, which leads to its inhalation by nearby bystanders within the same environment. Exposure to secondhand tobacco smoke causes many of the same health effects of tobacco, health effects caused by active smoking, although at a lower prevalence due to the reduced concentration of smoke that enters the airway. According to a World Health Organization (WHO) report published in 2023, more than 1.3 million deaths are attributed to passive smoking worldwide every year. The health risks of secondhand smoke are a matter of scientific consensus, and have been a major motivation for smoking bans in workplaces and indoor venues, including restaurants, bar (establishment), bars and night clubs, as well as so ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
