Are Economics fraction variables only Price and Quantity?
Well, the answer is
Nowadays, the earth is having tough problems. In my opinion I think that its time for a change. I am sure those economists actually know this; that they should add the environment extra cost to replace the products being used.
But why don’t they add that extra price?
It`s simple! Because the quantity decreases and the price increases. This would mean that fewer people would buy the products and the economist`s and companies would gain less cash.
NO . Here’s the problem with most of the economist`s in the world, they don’t factor in the environment. You may be thinking, what does the environment has to do with Economics? It actually has a lot to do. For every product that is created be it a natural or artificial, they all use the environment in a certain way! Through plants, chemicals, gas, oxygen, fossil fuels, etc.Nowadays, the earth is having tough problems. In my opinion I think that its time for a change. I am sure those economists actually know this; that they should add the environment extra cost to replace the products being used.
But why don’t they add that extra price?
It`s simple! Because the quantity decreases and the price increases. This would mean that fewer people would buy the products and the economist`s and companies would gain less cash.
*Lets see this chart so that you get an idea of what I am saying*
Once again, I know its time for a change, and we, humans are the only ones that can make these changes. Lets start doing the correct things and stop corruption, stop global warming and educate our children correctly. These things may sound difficult but, there’s always a start!
This would be an example of a negative externality. If we want to stop this, we need the government`s help! The two easiest ways to stop this problem are: By Taxes and Law implementation.
For example, that happened with the
cigars in the U.S. Today, the amount of smokers in the United States has reduced rapidly; this is because the governments is implementing taxes to the cigars companies. This means that the company is forced to increase their prices as well and humans have more important things to buy. Also, laws are being placed, in Dallas you cant smoke on the street without permission. You cant smoke on public areas, such as restaurants; only on the ones that say: Smoker area.