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The article quantifies the external costs of smoking in addition to the private costs imposed upon the smoker. It cites a cost of $150 for cleaning costs (for cars dirtied by ash), with up to $1000 for high-end models. Cleaning a house plagued by smoke is estimated to cost up to $2000. This does not include the costs associated with healthcare payments that need to be paid to employees as part of coverage plans. Furthermore, it is estimated that $96.7 billion is spent on private and public healthcare pertaining to smoker-related illnesses. These negative externalities are not accounted for in the price of a pack of cigarettes (the article states a price of $4-$5 for a single pack) and thus results in an allocative inefficiency - smoking is grossly overconsumed by society.

This is a great article. It covers no only the firsthand costs of smoking, but also the long term effects on costs.

Pension costs and health-care costs are increasing with the increased demand for pensions and health care.

This article discusses how India, as well as most Asian countries are susceptible of experiencing a cost-push inflation in the near future due to the progressively increasing oil prices (which would increase production costs significantly, reduce output, and increase prices). Also, details concerning India's agricultural sector in relation to inflation rates are also discussed.

manufacturing in China is about to get far more expensive.Soaring labor costs caused by worker shortages and unrest, a strengthening Chinese currency that makes exports more expensive, and inflation and rising housing costs are all threatening to sharply increase the cost of making devices like iphone

in this article it is said what are the prices of Caviar why it has increased with such a huge interval it was said that 10 years ago caviar only cost 750 and now it costs so much. it shows how price rises on a specific product because of an increase in demand.

this article explains certain issues with regards to price controls of wine. wine cost control is important because subsidizing wine industry is an important topic in the Eu and in world, this article has intself many aspects and problems which could be faced due to wine control and here is also said why is it difficult to control it.

"China's inflation could hit five percent this year due to soaring commodity prices and rising wages" Asia is currently facing cost push inflation.

Fears are growing that Asia's recent troubles with inflation could go deeper than initially expected as countries bump up against labor shortages (in Singapore's case for example) and other problems commonly seen in times of too-fast growth. Furthermore, inflation concerns in Asia have focused on rising food costs exacerbated by bad weather and, more recently, higher oil prices amid political tensions in the Middle East

Lower income earners will see a small increase in their pay packets from July 1 when the government rushes forward $1.37 billion in tax breaks.The tax cut was to be delivered when people filed their returns at the end of the financial year, but the government is changing the timing in a gesture to cost-of-living pressures and to encourage people into work and to work more.

Many rich countries' debt levels are uncomfortably close to 150-year highs, despite relative peace in much of the world. There is a no easy way out. For now, low world interest rates are restraining debt-service costs, but debt levels can be reduced only very gradually over long periods, whereas real (inflation-adjusted) interest rates can rise far more quickly, even for rich countries. More examples regarding indebted countries and whether or not they should reconsider their fiscal policies to relieve their debt are further discussed in the article.

Rob Dickins, former major-label boss, has sugested to slash the price of CDs to 1 puond each so as to increase the damnd for that product. The main competition of the CD industry is music piracy and downloading it for free from the internet. Cutting down the price of CDs is not the solution because, however small the price might be, it would still be more expensive than downloading it for free. Secondly, reducing the price so drastically for such a product, other than it being an insult to producers and musicians, means a very high production cost, for very low retribution.

This article talks about creating a water reservoir in Hindhead area. ( A small village in England). About 12,500 customers from different areas will benefit from this scheme. Creating of the scheme will cost £2m and it will be done by late November

A lack of critical resources proved disastrous as the U.S. Forest Service was unable to stop a fire before it destroyed hundreds of buildings near Los Angeles. The high prices of equipment and such caused the station to purchase less of it, resulting in a disaster.

The lowering prices of Madagascar's vanilla, lower the wages for the farmers in this industry, which causes some of them to leave their crops. They earn a little over $1.50 per day, due to the new low costs of the crops ($500 per kilo before, and now $30 the kilo). These low prices are essentially caused by competition and the new popularity for synthetically produced spices such as vanilla.

The cost of groceries in Australia has been going up and up, with consumers paying the price in a market largely controlled by two giants, writes Tania Dey.this article is about rising food prices. and can competition help.

This article is a report on the state of burial prices in Hong Kong greatly affected by the lack of supply of room for the dead. For private burials, the costs can go well beyond $25,000!

this article shows the situation in today's Hong-Kong where supply curve has moved to the left because of an increase in prices and demand curve moved to the right, because demand has increased this is caused by a lack of room( supply), so a new equilibrium is now formed which i think will soon change because of a resource being scares which will increase price even higher

this article shows the situation in today's Hong-Kong where supply curve has moved to the left because of an increase in prices and demand curve moved to the right, because demand has increased this is caused by a lack of room( supply), so a new equilibrium is now formed which i think will soon change because of a resource being scares which will increase price even higher.

This article discusses the Chinese plan to buy part of GM and the problems that can result from that, along with how much it will cost.

This article talks about how Taiwan's standard of living has passed Japan's. Although Japan's GDP per capita itself is still far larger than that of Taiwan, when taking into consideration of the price of the two markets, the real relative income for Taiwan is larger than that of Japan. The role that price plays here is that it serves as a clarifier of the numbers which may mislead the people into believing that the standard of living for Japanese people is twice as good as the Taiwanese's.

The article highlights certain industries/producers that succeed during a recession, all related to the idea of negative income elasticities or inferior products. Examples from the article include discount retailers such as Walmart, 'sin industries' e.g. cigarettes, selected services e.g. renovation (people focus on what they have and try to improve it rather than purchasing something new). The article also praises firms that tighten up costs and expand on 'core product' ranges and using 'vast economies of scale' to provide affordable goods to consumers.

In India, new cars are being registered at a rate of nearly two million per year. The Indian auto industry has become the world's seventh largest, now having overtaken every European country except for Germany. This exponential rate of production comes at an opportunity cost however. A mixed externality takes place. The stimulation in the auto industry increases the demand, and therefore the possession of cars in the country, which will hence increase the amount of green house gases released by general motor transport, aggravating atmospheric pollution.