Alcohol Abuse

Alcohol Abuse

Introduction

Alcohol is a very common element in our lives, and it has highly affected the lives of many people. It is consumed as a trend in our society, though the people know the problems that came come into existence by the consumption of alcohol. The study is based on alcohol abuse from the point of view of an economist, how an economist would deal the problem of alcohol abuse. The affects various drugs (prescription) have on the demand and supply of other products and services in the United States of America. There are also highlights on the impact shift in supply, and shift demand when considering both in the opposite scenario. A perfect competitive market is economically efficient to deals with many of such problems.

An Economist's Approach for Alcohol Abuse

Economists have contributed a lot for the problem of alcohol abuse. The economist can approach the problem of alcohol abuse by an experimental investigation of the effects that are caused by the consumption of alcohol. An economist can provide with a specific framework that compares the costs and problems by the consumption of alcohol. Alcohol abuse imposes large costs and the challenges incurred by this problem remain the same. Therefore it is essential to understand the effects of alcohol consumption on the productivity of the labor market (Cook & Moore, 2013). An economist can deal with this factor by implementing an effective strategy, which deals with the variations in the cost, indirectly leading to provide a solution for this issue.

Alcohol Abuse Solutions

The costs of alcohol are a continuous concern for the economist and the policy makers of the country. The ideal solution in this scenario can be to make changes in the alcohol prices and taxes related to alcohol. The taxes can be waved off in order to ...