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Economics

In the News

Wearable tech - the new 'merit good'?

Jonny Clark

19th August 2015

We've all got our favourite example of a merit or demerit good but perhaps a new one has emerged for students to use in their examination responses. A new report out, highlighted in this article from The Guardian, suggests that an increase in attendance and membership of gyms can be attributed, in part, to the increased availability of wearable tech such as the devices in this image. The research shows that spending on gym membership has increased by 44% in the UK.

Jonny Clark

Jon Clark has been teaching economics and business studies for over 25 years primarily in the Further Education sector. Before joining tutor2u, he was a senior manager at South Cheshire College in Crewe.

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