Demerit good: Gaming
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The nature of demerit and merit goods are such that it enters the realm of normative economics. That is, one government or society may deem something to be a demerit good whilst others do not. Cigarettes are undoubtedly a more demerit good these days than they were in 1940.
Last night’s documentary from Panorama highlighted the 21st century demerit good: Gaming.
The Addicted to games? documentary explores the dangerous side to those who play computer games for 16 hours a day.
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