Smoking.
Externalities: An externality is an effect of a purchase or use decision by one set of parties on others who did not have a choice and whose interests were not taken into account. There are both negative and positive externalities.

The negative externality that i wish to discuss about is Smoking.
When a smoker decides to light a cigarette and starts smoking, he/she only takes into consideration the satisfaction and thrill he/she derives from smoking that cigarette, but they do not take into account the amount of pollution he/she may cause to the environment and also how can that simple cigarette affect another individual's life.

Indeed, externalities takes place when we pay for the cost of a decision and do not benefit from it or vice versa. In the case of smoking, the smoke produced from the cigarettes adds on to the amount of pollution in the air. Non-smokers pay to go for annual health checkups, medicine and maybe health pills that keep themselves healthy. However, the pollution caused by smoke that they inhale from these cigarettes can cause the non-smokers to be exposed to a higher risk of health problems compared to those who do not. Thus, although they are paying for the cost to maintain their health, in turn the non-smokers do not benefit from it.



Sheryl
BZSE t01

Labels: externality

Cheryl - 10 January
Shumin - 15 January
Chuan Yu - 3 February
Jonathan - 24 February
Grace - 2 March
Alison - 31 March
Adeline - 20 April
Halena - 23 April
Julinda - 9 May
Sheryl - 29 May
Billy - 31 May
Amanda - 4 October
Bernice - 22 July
Francine - 30 July
Bryan - 31 July
Matthew - 31 July
Joshua - 15 August
Janell - 21 August
Sin Yee - 6 September
Ronny - 14 September
Shine - 15 October
Marcus - 5th November
Pei Qing - 10 December
Sheena - 27 December