Group items tagged

Smoking is a negative externality. Children who have exposure especially to relatives who smoke will have a greater chance of childhood asthma. The smoking ban is very healthful, as it has caused a decrease in the rate of children emitted to the hospital with severe asthma. The ban on smoking in the enclosed public places has helped the children to have less health problems. The government benefits because it reduces government expenditure in the NHS, which is a public good. The statistics reflect the decrease in admission of about 6800 is a positive benefit to the public especially the young children.

A negative externality hits the society as smokers affect children giving them asthma, according to this article. This effect does not affect the cigarette companies, however, but smoking restrictions came into force in attempts of decreasing the damage it does to society.

A negative externality of smoking

This is my article for this week's topic - negative externality. The article above relates to waste disposal issues in Thailand. My write-up can be viewed here: https://pamojaeducation-com.campuspack.eu/Groups/13.Y2.ST.ODP.MAY.ECON.SL.A/Nattanopthorns_Economics_Blog/2013/12/12-2_-_Negative_Externality - Bee

This talks about how New York deals with the negative externality caused by smoking.

This talks about Ontario's problem and how they are going to deal with nuclear waste, which is a negative externality of nuclear power.

"For those who cannot grasp the extent to which pollution can actually cause harm, how about this: an 8-year-old with lung cancer."

The Thai government wants to increase the alcohol average tax by a significant percentage. The tax ceiling for the beer and wine will increase to 2000 baht per liter, which is very significant. This is aimed at increasing the government revenue, as the demand for alcohol is inelastic and increasing in consumption. Thailand has a significant percentage of foreign tourist and foreigners living in the country who enjoy alcoholic beverages. Locals are increasing in their income inelastic and consuming more alcohol. This will hopefully reduce the demand, as alcohol is extremely addictive and have negative externalities such as dream driving causing many innocent deaths.

"The slowdown in the eurozone and US has hurt Asia's manufacturing and export sectors"

This article is about the recent market failure indication in my country, citizens waiting for hours in the sun just to buy basic commodities like oil and sugar. this is due to business trying to over profit from these markets. the government tried to put price ceilings on these products however it lead to artificial shortages of the products in the market.