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Principal of Economics

In: Business and Management

Submitted By dotgree1952
Words 357
Pages 2
Dorothy Green
Dr. ISLEY
Eco 100
May 2, 2013

Suggest how an economist would approach the problem of alcohol abuse.

The economist approach this problem of alcohol abuse by using a genuine case of negative externalities both in production and consumption. Alcohol abuse and its related problems cost society many billions of dollars each year (1,2,3,4). Estimates of the economic costs of alcohol abuse attempt to assess monetary terms the damage that results from the misuse of alcohol. These costs include expenditures on alcohol-related problems and opportunities that are lost because of alcohol. First researchers attempt to identify costs that are caused by, and not merely associated with, alcohol abuse yet it is often hard to establish causation. Second many of the causes resulting from alcohol cannot be measured directly. The economist may also try these different approaches, like scoping out the Cost of Alcohol Abuse, Health-Related costs, Treatment Cost, and the Death rate. They treat alcohol abuse as being in the same category as drugs, tobacco use and gambling. Binge drinking is another form of alcohol abuse. As frequent binger or drinking or getting severely drunk more than twice is classed as alcohol misuse. Alcohol can harm a person’s health, interpersonal relationship, and even your ability to function in every day functions like work, going to school and other daily activities. If a person driven while drunk or regularly binge drinks (more than 5 standard drinks in one drinking sessions), they are considered to have been involved in alcohol abuse. Binge drinking is associated with individual reporting poor health. They can be plague with illness like cirrhosis liver failure and the endocrine system lead to gynecomastia they have the inability to process toxins leads to hepatic encephalopathy....

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