Group items tagged

This article talks about the negative externality of smoking. It tells that when adults smoke the bad side effects affect small innocent children.

This article talks about how the number of children submitted to hospital with asthma has decreased by 12% after smoking bans were put in place. This shows that the externality created by smoking is negative, it does not only affect the individual but the society as well therefore the social costs are greater than the private benefits. It shows how government intervention helps reduce the negative externalities.

In introducing the smoking free regulation, the british government has successfully reduced the number of admissions with children suffering from asthma attacks by 12%. In addition to showing that this government intervention has successfully reduced the negative externality caused by smoking cigarettes, this form of intervention has increased social awareness and also the willingness of many individuals to prefer "smoking free homes". The Article thus demonstrates that there has not only been a change in legislation, but also a change in the attitudes of the population, which will also have an effect on demand.

The Estonian government agreed on the objectives of fiscal policy for the next four years. As a result of these choices the government is able to for example fix unemployment and increase the rate of child benefits.

This Article discusses the tight fiscal policy and the objectives that the Estonian government has agreed to pursue for the next four years. - sorry didn`t see it was already on here

This article talks about how Obama is focusing on an issue of unemployment inequality. It also states that he is going to pass a bill to raise the minimum wage and execute authority in education and economic development. Obama also highlighted a strategy of "sector partnerships" to bring firms together. This is related to this week's topic because all these situations can affect the whole economy of the nation. Politics are involved because the government passes bills or deals with the situation in some way.