StudentShare solutions
Triangle menu

Economics Smoking Topic - Essay Example

Nobody downloaded yet

Extract of sample
Economics Smoking Topic

Taxation has been the most widely used method to reduce demand of cigarettes by many government to generate taxes, but more recently, taxes are raised to minimize damage to health by smoking. (World Bank Group)
The study of WB has confirmed this illustration thru a conclusion in their report that raising taxes significantly reduces consumption of tobacco. Study has shown that price increase due to taxes has an impact to the youth who are more responsive to prices than older people. Result of study shows also that the low and middle income countries are more responsive to price changes than the high income countries. (World Bank Group). As shown in annex 1, the tax increases imposed in Canada, UK and South Africa have encouraged smokers to reduce smoking consumption
Non price measures used by policy makers are publicized findings of research on the health effects of smoking, warning messages on cigarette labels, counter advertising on media, school anti-smoking campaigns, cigarette promotions and advertising, no smoking on public places, restaurant and workplaces. (World Bank Group)
Elasticity of commodity could either be elastic or inelastic when price changes. Response of consumers to price change is influenced first, by availability of a substitute, when consumer can take time, could wait and look for substitute. Second, when the good is a necessity and market structure is in an oligopoly. (Basic Economics).
The generally accepted principle in elasticity is when the price elasticity of a good is less than 1, the good is price inelastic; and that the change in price will only have a small effect. At this point, there will be more revenue with the increase of taxes. (Farlex Dictionary)
Demand for cigarette is price inelastic because according to a report done by Prabhat, J. et. al, DCPP, that from among 100 studies done in high-income countries, price elasticity is -0.25 to -0.50. This means that “a 10 percent increase in price will reduce ...Show more


This study answers specific questions by which policymakers can reduce demand of cigarettes, find out determinants of elasticity, and the impact of raising taxes to demand and consumption…
Author : domingogerhold
Economics Smoking Topic essay example
Read Text Preview
Save Your Time for More Important Things
Let us write or edit the essay on your topic
"Economics Smoking Topic"
with a personal 20% discount.
Grab the best paper

Check these samples - they also fit your topic

There is the false consideration that smokers can be divided into different levels of light smokers, medium smokers and heavy smokers based on the number of cigarettes smoked over time and that the health consequences are lighter on those who smoke less. Any level of smoking is bad for health and the only solution is cessation of smoking (Rothman & Greenland, 2008).
4 pages (1000 words) Essay
Solve College Students Smoking Problem
Student smoking issue is indeed one of the most pressing concerns of the time. This has remained as a matter of much interest for the parents and teachers alike. This paper understands how smoking has become a huge problem and how its solutions can be found within the relevant settings of schools, colleges and homes.
7 pages (1750 words) Essay
What they forget to take into consideration is the fact that people smoke for a reason, or maybe several, in fact, and this habit has to be checked at its source. Smokers have many reasons to smoke. Some reasons are as simple as liking the taste or the thought of smoking, or that it relaxes them and helps them unwind, stay sane with all the stressful things around them.
1 pages (250 words) Essay
People that smoke seem to really enjoy their smoking routines. I noticed how smokers at work tend to create close bonds based on the simple fact that they are mutual smokers. I have to smokers and most of them say that smoking helps them relax and reduce stress. Stress in
1 pages (250 words) Essay
One in five of all deaths every year in the United States have been credited to smoking, killing more than AIDS, suicide, alcohol, car accidents, homicide, and illegal drugs
1 pages (250 words) Essay
The harmful effects of smoking are not limited to individuals concerned, instead the whole society pays the price. A number of short-term health problems are
7 pages (1750 words) Essay
However, smoking habit is increasing day by day not only among adults, but also among teenagers also. Earlier, males were the prominent community who derived pleasure from smoking whereas at present many females
7 pages (1750 words) Essay
This paper seeks to discuss effects of smoking on the lungs, mouth, gum, body fitness and appetite. Smoking, especially cigarettes is by far the main cause of lung cancer. Cigarettes contain substances that are known to cause lung cancer. Some of these
3 pages (750 words) Essay
He asserts that the enthusiasm lies in the culture of smokers. This points out to smoking having ‘joys’. On the other hand, other authors and educationists have expressed a lot of discontent about the very existence of cigarette
6 pages (1500 words) Essay
On the same note, there are women who smoke, but the number of women is significantly low in that regard. As smoking practices rise in this region, there are critical health concerns about the entire U.A.E public. This is because smoking affects both
1 pages (250 words) Essay
Hire a pro to write
a paper under your requirements!
Win a special DISCOUNT!
Put in your e-mail and click the button with your lucky finger
Your email
Comments (0)
Click to create a comment