logo

Economics Assignment Drinking and Smoking in US

9 Pages1520 Words55 Views
   

Added on  2020-04-07

Economics Assignment Drinking and Smoking in US

   Added on 2020-04-07

ShareRelated Documents
Running head: ECONOMIC ASSIGNMENTEconomic AssignmentName of the StudentName of the UniversityAuthor note
Economics Assignment Drinking and Smoking in US_1
1ECONOMIC ASSIGNMENTTable of ContentsIntroduction......................................................................................................................................2Beer, Wine and Cigarette Market....................................................................................................2Impact of health warnings on cigarette packaging on beer consumption....................................3Impact of yeast shortage on Cigarette purchase..........................................................................4Isle of Man cigarette ban.................................................................................................................5Conclusion.......................................................................................................................................6References........................................................................................................................................7
Economics Assignment Drinking and Smoking in US_2
2ECONOMIC ASSIGNMENTIntroduction In United States drinking and Smoking is causing serious trouble for people. Thestatistics of deaths from smoking is even greater than the demand that from alcohol. There is aninter relation between alcohol consumption and smoking. Beer and cigarette are considered ascomplement goods. People prefer to smoke while drinking beer. Therefore, any disturbance ineither of the market affects the other market as well. Finally, the incidence of cigarette ban andreduction of the crime rate in Isle of Man has been evaluated. Beer, Wine and Cigarette MarketIn market for alcoholic beverages, Beer and Wine are counted as two important names.Wine is a drink that can be served to a large variety of occasion. United States is recorded asproducing fourth largest volume of alcoholic beverages in the global market. Dominating brandsin the Wine market are Bronco Wine Company, Treasury Wine Estates, the Wine Group E.&J.Gallo Wine Company, andConstellation Brands. The numbers of Wine retailers are forecastedto increase by 2020 (statista.com, 2017). Average wine consumption has increased rapidly. Mostbuyer in the wine market are influenced by wine color. Beer is another widely consumed alcoholic beverages. The proportion of alcohol is leastin beer. Breweries are categorized in two groups- micro-breweries and macro-breweries. Theclassification is made based on volume of production and size. The share of craft brewcompanies are raising continuously (cbsnews.com, 2017). Consumers buying pattern in the beermarket is greatly influenced by outer packaging.
Economics Assignment Drinking and Smoking in US_3

End of preview

Want to access all the pages? Upload your documents or become a member.

Related Documents
Alcohol and Tobacco Markets: Impact of Health Warnings on Cigarette Purchase
|9
|1432
|484

Alcohol and Tobacco Markets Assignment
|8
|1449
|40

Alcohol and Tobacco Market Report
|8
|1715
|72

Alcohol and Tobacco Market PDF
|5
|1444
|181

The Negative Impacts of Cigarette Smoking and Beer Consumption (PDF)
|6
|1288
|364

Comparison of Beer Consumption and Real Wage Growth in Australia and Germany
|14
|3014
|224