Demerit good
Thing that satisfies human wants but at unhealthy physical or behavioral cost / From Wikipedia, the free encyclopedia
Dear Wikiwand AI, let's keep it short by simply answering these key questions:
Can you list the top facts and stats about Demerit good?
Summarize this article for a 10 year old
SHOW ALL QUESTIONS
In economics, a demerit good is "a good or service whose consumption is considered unhealthy, degrading, or otherwise socially undesirable due to the perceived negative effects on the consumers themselves";[1][2][3] it could be over-consumed if left to market forces of supply and demand. Examples of demerit goods include tobacco, alcoholic beverages, recreational drugs, gambling and junk food. Because of the nature of these goods, governments often levy taxes on these goods (specifically, sin taxes), in some cases regulating or banning consumption or advertisement of these goods.[4]
![]() | This article has multiple issues. Please help improve it or discuss these issues on the talk page. (Learn how and when to remove these template messages)
|