How to write a paper summary
Controversial Persuasive Essay Topics 2018
Wednesday, September 2, 2020
Iron Increases Heart Disease :: essays research papers
Coronary Artery Disease (CAD) has tormented man since the beginning. Diet and inherited factors clearly are the key parts in building up this condition. Nourishments high in cholesterol and soaked fats are frequently involved in rushing or exasperating coronary illness. Numerous infection states, for example, diabetes mellitus and hypertension have additionally been appeared to build a people chances for CAD. Coronary illness for the most part influences people over age 60, yet can be found in individuals who are a lot more youthful for different reasons. This illness remains the main source of hospitalization and passing in the grown-up populace in western culture (McCance and Huether, 1994). The reason for this writing survey is to examine research managing the subject of expanded serum iron levels and the predominance of CAD. Clinical diaries were fundamentally utilized for research information because of the idea of the subject and the requirement for inside and out examination. While it has the most elevated predominance of any infection, ladies experience just 30-half of the coronary course sickness rate and mortality old enough coordinated men (Meyers, 1996). Many feel this might be because of the defensive impact that estrogen has on the veins of females. There may really be an immediate relationship to decreased serum iron levels because of menses. Though men " fabricate up" iron in the blood, ladies purge themselves of iron development on the month to month premise. Meyers (1996) likewise expresses that oxidation, the procedure where an iota builds its positive charges (Miller and Keane, 1992), of low thickness lipoprotein cholesterol is significant in atherosclerosis, and since oxidation is catalyzed by iron, it has been theorized that the lower iron stores of ladies diminish their danger of CAD through decreased lipid peroxide, a result of oxidation. Numerous considers have been directed to really check whether a connection between serum iron or serum transferrin, (serum iron focus partitioned by all out iron-restricting limit), and coronary illness or myocardial dead tissue, (cardiovascular failures) exists. Sempos and Looker, (1994) utilized an aggregate of 4518 people to direct the principal investigation of its sort regarding the matter of iron and CAD. Visit serum iron levels, gathered from 1971-74, and followed up through 1987, demonstrated the danger of CAD was not identified with serum transferrin levels in white men or ladies. In reality, a reverse relationship of all out body iron stores and in general mortality was appeared, that is moderate to high serum transferrin related with lower mortality.
Saturday, August 22, 2020
What Can You Learn From These College Essay Mistakes?
What Can You Learn From These College Essay Mistakes?In order to be sure that your college essay has all the qualities needed to make it memorable, you should avoid most of the common college essay mistakes. What can you learn from these mistakes?Don't go with the first idea that pops into your head for a college essay. You must be able to draw on several aspects of the essay for its overall composition. For instance, if you write a college essay on the impact of the television show 'Friends,' the first thing you might think of is how the character Rachel has changed the lives of the other characters by her inimitable sense of humor.Never submit your college essay to someone who does not understand that he or she does not write for colleges. Every college admissions officer is aware that their task is to give students a chance to express their talents and abilities. To do this, they are required to have a good grasp of writing structure. They are also expected to know how to give stu dents sound advice on key points in their own writing.No matter how difficult a college essay may seem at first, remember that you have no real obligations to write one if you don't feel it fits in with your personality. Any college admissions officer will tell you this.College essay mistakes always start with the writer's ego. If you find yourself thinking that you don't need to put any effort into it, it's likely that you aren't putting enough effort into it. If you don't make an effort to make your college essay something that you would be proud to give to a friend, it will probably end up in the trash heap as soon as your application for admission comes in.When writing your college essays, never forget that what admissions officers really want to know is your strengths. You need to focus on what you do best to emphasize the aspects of your education that you are proud of. Your college essay doesn't have to be about how much you love learning; it can be about how much you love ma king others learn.College essay mistakes can happen anywhere. So many young writers enter the world of college essay writing with no understanding of the rules. They don't know how to give their own, and the result is a great deal of despair, or even desperation, because they don't know where to turn.There are a number of different types of college essay, but some of the main ones include dissertations, personal essays, research papers, autobiographies, and poems. Each one has its own types of mistakes that can be avoided by becoming more well-versed in the rules of essay writing.
Friday, August 21, 2020
Who Defines Normality and Abnormality free essay sample
Who characterizes the ideas of typicality and anomaly? At the point when we glance around at the individuals that encompass us, we hope to see an individual with two eyes, two ears, hair, nose, mouth, bones, and so on. This, In our psyches, Is an image of a typical individual. The nourishment we eat, the spots we go to, the individual we wed, and the way of life we live in, characterizes what Is typical from our perspective. Today there are different definitions that are utilized by therapists and individuals when all is said in done for characterizing unusual and typical behavior.Of course, these definitions are not really fundamentally unrelated. Social standard infringement: Breaking social guidelines. A large portion of our conduct Is molded by social standards Imposed by the general public we live In. There are some social assumptions regarding the good and bad approach to get things done. Somebody who much of the time abuses these unwritten guidelines is viewed as unusual. This is an incredible and convincing definition. We will compose a custom exposition test on Who Defines Normality and Abnormality? or then again any comparable subject explicitly for you Don't WasteYour Time Recruit WRITER Just 13.90/page It is apparently sound judgment. Standards are so profoundly imbued they appear to be supreme. Also, even in a solitary society, for example, Romania. Here are a huge number of subcultures. Add to this the way that standards change during that time so that whats standardizing in one age, may not be in another. We are left with a solitary society where there are no reasonable standards that apply over all people. This definitional position suggests that typicality is equivalent to adjustment to the standard, when in reality there are numerous streams. The term variation from the norm in this way loses any firm referent. It merits referencing that the meaning of ordinary and strange is socially based.Obviously, social standards change starting with one social then onto the next. L. Genuine circumstance: female circumcision The principal genuine circumstance we will banter on is female circumcision. These days we have freed ourselves from the limitations of the ethical quality previously. When attempting to characterize ideas, for example, ordinariness and variation from the norm we should know about the little subtleties that these vulnerable may Imply. Flighty, non-traditionalist, peculiar or even odd additionally propose a deviation from what we consider to be typical, yet It doesn't go Into the other extreme.Who Defines Normality and Abnormality? By savage with two eyes, two ears, hair, nose, mouth, bones, and so forth. This, in our psyches, is an image and the way of life we live in, characterizes what is ordinary from our perspective. Today there are different definitions that are utilized by therapists and individuals all in all for our conduct is formed by social standards forced by the general public we live in. There are of the little subtleties that these definitions may suggest. Offbeat, non-be typical, yet it doesn't go into the other extraordinary.
Wednesday, May 27, 2020
Indian experience of multiple stock exchanges - Free Essay Example
In India, we have had over a decade of experience with multiple stock exchanges and line operators arbitraging between these markets. This has been a fairly well accepted idea. The number of investors opting forÃâà on-lineÃâà trading has gone up manifold, according to the recently published ââ¬ËIndias Leading Equity Broking Houses, 2008? by Dun Bradstreet (DB). The publication says that less than 10% of the 191 broking firms surveyed reported huge growth in opening of e-broking accounts and some firms saw a surge in value of up to 400% in e-broking during 2009. According to the report, number of e-broking accounts registered in 2009 have grown exponentionally. Indiabulls Securities Ltd added 4,51,611 accounts while a relatively new firm in the industry, Reliance Money added 2,15,678 accounts during the same time period.Ãâà Since the banking system is not fully integrated with the securities markets, brokerage firms face limitations in raising financial resources for business and expansion. With buoyancy of the stock markets and the rising prospects of several well organized broking firms, important opportunity to access capital markets for resource mobilization has become available. The recent past witnessed several leading brokerage firms accessing capital markets for financial resources with success. The capital market in Pakistan is still in its infancy commensuration with the stage of economic development and transition from agricultural base to industrial based set-up. Broadly capital market includes various institutions like Commercial Banks, Investment Banks, Leasing Companies, Modarabas and Stock Exchanges. But it specifically connotes money market operations and marketing of securities through stock exchanges. The Stock Exchange is a formal association of agents who deal in shares and securities and execute the order of their customers on commission basis. An agent usually has an office with sufficient information sou rces, current quotations and advisory expertise to assist investors in making decisions. They also must know where to find the buyers and sellers for the securities and arrange membership or contacts with the other stock exchanges operating in the country. Besides providing incidental services like financing the transactions and storage of securities. The main function of a stock exchange is to provide a place where the agents can bring their orders in respect of given list of securities. In this way buying and selling orders and transactions are matched and completed where customers gets the required service and the agents earn commissions. The working of Stock Exchange in India is regulated by Corporate Law Authority. Like Stock Exchange in other countries. Stock Exchanges in our country are also governed by business practices and extensive rules regarding method of trading in securities. Basically these regulations are made to protect the investors and also to assist members a nd develop Stock Exchange. Although the floor rules vary in nature yet they ensure the set routine and proper handling of orders. These rules try to ensure that agents or members should not take unfair advantage to the detriment of investors. While listing a stock or bond the Stock Exchange forges an understanding with the issuing company in matters like allotment, and transfer of securities, declaration of dividends, and issuance of right and bonus shares and the publication of accounts reflecting the affairs of the company. The rules also include registration of stocks and certificates and publication of Balance Sheets as a pre-condition to get listing in Stock Exchange. These rules and regulations if applied properly bring prestige to Stock Exchanges and create confidence amongst the investors. A central idea in modern finance is the law of one price. This states that in a competitive market, if two assets are equivalent from the point of view of risk and return, they should s ell at the same price. If the price of the same asset is different in two markets, there will be operators who will buy in the market where the asset sells cheap and sell in the market where it is costly. This activity termed as Share Broking Houses, involves the simultaneous purchase and sale of the same or essentially similar security in two different markets for advantageously different prices. The buying cheap and selling expensive continues till prices in the two markets reach equilibrium. Hence, Share Broking Houses helps to equalize prices and restore market efficiency. The evolution of Indian stock market had been emerged in the year 1975, when Congress directed the SEC to develop a national market system in which all orders to buy or sell equities would interact. It would have been considered that a national market system abhors fragmentation and assumes that one market will best serve the needs of all investors. However, such an assumption would not capture the realitie s of modern markets. Every individual investor has different needs and different markets will develop to serve these needs. Markets are non anonymous, and in such markets, the most important concept of trading best price is not defined. The fragmented markets are a natural result of competition among investment options. The sharing of trade and quote information among markets helps to mitigate any deleterious effects of fragmentation within the Indian stock market. It would have also been considered that the markets of tomorrow will be global. Therefore in an Indian market, the SEC will have to give up its goal of a national market system and focus on other issues related to the world as a whole for the investors. For an instance, it will be a challenge to provide just the sharing of trade information of equities/commodities across the borders of globe. Further, a technological evolution will allow the investors in order to gathering information to be located anywhere in the world f rom the common market centre. Hence, this threat of relocation will place a restriction on Indian regulators, and global trading will make it more difficult for SEBI authorities to regulate investment practices and opportunities and to protect Indian investors from such difficulties. Also, the equity markets worldwide are in a state of change. As we already mentioned that the technology and the internet have had and will continue to have a deep impact on the structure of the equity markets. Some of the recent rulings from the SEBI have unleashed new competitive forces that will challenge established markets which already existed. There are some constraints and processes such as date, the cost and awkwardness of the settlement processes across the nations which had restrained global competition, but these processes were changing. As the time passes, the cross-border settlement becomes cheaper and easier to invest for an investor, as a result the global trading may increase and Ind ian regulators will need to adapt to this new environment. Consequently, the amendments in the year 1975 to the Securities Exchange Act of 1934 set as a national goal which state that all securities should be traded in a national market system. This goal has shaped out much of the security exchange controls thinking since that time; however this goal may collapse with some of the ongoing structural changes which might occur in the equity markets, in both domestically and worldwide. A national market system of a country represents a naÃÆ'ÃâÃâà ¯ve and parochial view of the way in which equities traded. It is incompatible in a way with how the markets in the country are developing and will develop in near future. As mentioned above that a national market system needs to abhor fragmentation as the fragmentation limits interaction among order flow. Since, the fragmentation has emerged as the heart of competition for investors. It has been coded by many of the researcher that the new competition creates fragmentation, but significant fragmentation will occur only if the competition is successful. In case, the competition is extremely successful, existing markets will decline and fail, resulting ultimately in less fragmentation. Therefore with due effect of the increasing the world globally, the SEBI will have to give up its goal of a national market system, begin to recognize the global nature of the equity across the India.
Saturday, May 16, 2020
Olaudah Equiano The Middle Passage Analysis - 839 Words
Olaudah Equianos The Middle Passage Olaudah Equianos The Middle Passage is a testament to the cruelty and wickedness of men. It is clear that Equiano was a slave in another household in Africa and was sold and placed on the ship to be sold to another master in another country. From the time Equiano boards the ship, he finds the white men or crew he encounters as bad spirits and does not know what to make of their widely differing complexions, long hair and different language. From Equianos initial boarding of the ship to the arriving in Barbados to be sold off in a lot, the crew and captured Africans do not talk to one another. Clearly, one reason for this is that the white crew most likely spoke no African dialects or language.â⬠¦show more contentâ⬠¦Equiano wanted desperately to be free of the spirits and the magic he believed was causing the ship to move, in fact he wished much to be from amongst them but the crew kept the Africans so quartered it was impossible for any of us to make our escape. What Equiano experienced was nothing to what was to come and what also pushed many Africans to want to die instead of become slaves. Equiano wrote, This wretched situation was again aggravated by the galling of the chains, now become insupportable combined with the filth of the toilets which were a drowning hazard for the children, the cries of the woman and the dying portray a situation of horror almost inconceivable. Equiano thinks of the fishes and other inhabitants of the deep being much happier than himself,Show MoreRelatedSlaves Narratives: Frederick Douglass, Olaudah Equiano Essay1477 Words à |à 6 PagesSojourner Truth, Frederick Douglass, and Olaudah Equiano all have extremely interesting slave narratives. During their lives, they faced plenty of racist discrimination and troubling moments. They were all forced into slavery at an awfully young age and they all had to fight for their freedom. In 1797, Truth was born into slavery in New York with th e name of Isabella Van Wagener. She was a slave for most of her life and eventually got emancipated. Truth was an immense womenââ¬â¢s suffrage activist. SheRead MoreEarly Slavery; Middle Passage, and Other.1508 Words à |à 7 Pagestherefore he was more merciful. 3. The Middle Passage is the journey the abducted slaves undertook while going to the new world. This trip was treacherous for these African people because they were forced to live in unsanitary conditions, confined to chains, whipped and tortured. Analysis Thomas Phillips was the captain commander of the ship called the Hannibal. On this journey he picked up his slaves and made this journey known as the middle passage. This document shows how the experience thisRead MoreThe Plight of The African Slave Essay1558 Words à |à 7 Pagesthrough the Middle Passage many slaves perished. Those who survived were sold and subjected to the harsh life on the plantations. When this happened, their authentic cultures were drastically changed from the way of life in their native homelands in Africa to life in the plantation society of the American colonies. In this essay, I will attempt to show how the enslaved Africansââ¬â¢ authentic culture was immensely disrupted by using the ââ¬Å"Culture Conflict Modelâ⬠as a guide. To aid in my analysis, I willRead MoreEnslavement Disrupted the Africanââ¬â¢s Authentic Culture Essay1593 Words à |à 7 Pagesin the plantation society of the Americas. In this essay, I will attempt to show how th e conditions of enslavement disrupted all dimensions of the Africanââ¬â¢s authentic culture. To aid in my analysis, I will be using the ââ¬Å"Reid Culture Conflict Modelâ⬠as a guide and also drawing upon the works of Olaudah Equiano, Venture Smith, Frederick Douglas, Harriet Jacobs, and William Wells Brown, the song ââ¬Å"Pick a Bale of Cottonâ⬠from The Norton Anthology of African American Literature, as well as from the movieRead MoreAnalysis of a Primary Document: The Slaving Voyage of the Albion-Frigate984 Words à |à 4 PagesAnalysis of a Primary Document: ââ¬Å"The Slaving Voyage of the Albion-Frigateâ⬠1. Who wrote the document? The author of this document was Jacques Barbot. He was born into a Protestant family around 1650 in Saint-Martin, France. Barbotââ¬â¢s family business was maritime trade, so he was bound to continue the family name in commerce. Barbot and his younger brother were both involved in commercial trade when they were young, his brother being a part of the African slave trade. The Barbots moved to EnglandRead MoreThe Slavery Of The Slave Ships1157 Words à |à 5 Pagesworldâ⬠¦Whatever miseries they had experienced in Africa were nothing compared to the ordeal they now faced, and however ignorant they were of the exact course of the nightmare would take, they could sense the horror. Some of the captives, like Equiano, feared they would be eaten or sacrificed. Others realized that every chance of seeing their families and homelands again had vanished. European slave traders restructured their merchant ships to squeeze as many African slaves as possible belowRead MoreOlaudah Equiano s Influence On African Diaspora History1941 Words à |à 8 Pages In 1745, Olaudah Equiano was born in Eboe, which is now Nigeria. When he was about eleven years old, he was kidnapped and sold to slave traders heading to the West Indies. Though he spent a short time in the state of Virginia, much of his time in slavery was spent serving the captains of slave ships and British navy vessels. One of his masters, Henry Pascal, the captain of a British trading vessel, gave him the name Gustavas Vassa, which he hardly used throughout his life. Paul Lovejoy, CanadaRead MoreThe Abolition Of The Slave System1915 Words à |à 8 PagesOne of the most famous stories written by an ex- slave was The Interesting Narrative of the Life of Olaudah Equiano written by Gustavus Vassa in 1789. Gustavus Vassa viewed the trade relationship with Africa as an endless source of wealth to the English manufacturers but at the cost of inhuman acts towards African. In his autobiography he describes the conditions of transport on the Middle Passage and his life as a slave in the West Indies. This set of information opened the minds of more EuropeansRead MoreBibliographic Essay on African American History6221 Words à |à 25 Pagestwo examples. For a first-hand account by Middle Passage survivors, see Olaudah Equiano, The Interesting Narrative of the Life of Olaudah Equiano: Written by Himself, edited by Robert J. Allison (Boston: Bedford Books of St. Martin s Press, 1995). Questions regarding the veracity of Equianoââ¬â¢s richly detailed book, which is not at variance with others on the subject, surfaced soon after it appeared in 1787. Vincent Carrettaââ¬â¢s ââ¬Å"Olaudah Equino or Gustavus Vassa? New Light on an Eighteenth-Century
Wednesday, May 6, 2020
Essay on Religious Beliefs Stimulated Change - 2128 Words
Religious Beliefs Stimulated Change Since the early part of the 15th century, science and the scientific understanding that we have of the world has been steadily increasing. The changes that this new science brought about were huge; from works in astronomy to anatomy, every walk of life was affected in some way. This rise in science came at a time when an institutionalised church ruled the Western World and the religious beliefs of the church were considered to be unquestionably true. Did this church support and help nurture the growing scientific world or did it in fact, try to hold it back and suppress its growth? The focus of this essay will be to look at change as the growth ofâ⬠¦show more contentâ⬠¦This suppression has come from the Catholic Church, who saw that any increase in scientific knowledge went against the scriptures and teachings of the Church. The Church at this time was very corrupt, rich and powerful and out to please its own means. This is partly why the Reformation happened and what triggered the reforms that the Jesuit priests made to the Catholic Church. It saw the changes that science could introduce as forcing the Church to the sidelines, where they would lose their power and riches. Indeed this is why the Inquisition was formed; to protect the Church from heretics of the time and against supposed claims of heresy against the Church and faith. The Churchs main argument comes from the conflict that the scriptures had with the scientific discoveries that were being made. The book of Nature and the Book of Scripture were supposed to have the same author in God and therefore there should be no conflicts and discrepancies in what they contained. However scientific understanding grew, the number of conflicts rose with it. One of the most famous conflicts between the church and science would be the Galileo affair in the late 16th and early 17th centuries. In this now famous conflict, Galileo, following on from the work of Copernicus, believed that the world revolved around the sun. GalileoShow MoreRelatedThe Decline Of The Protestant Reformation1276 Words à |à 6 PagesIntroduction: The Protestant Reformation was a religious act in the 1500ââ¬â¢s that split the Christian Church in Western Europe and led to the establishment of many new churches. It effected spiritual thought, philosophy, political work, and the economies of several countries all around the world. The effects of the Reformation can still be felt in modern times. Stimulated by a devout and renowned German Monk, Martin Luther, this reformation sent shockwaves throughout Europe and played a significantRead MoreImperial Reform in Britian from 1815 to 1870 Essay1391 Words à |à 6 PagesImperial Reform in Britian from 1815 to 1870 The period 1815 to 1870 was characterized by radical change in the character of the British Empire, to the extent that, by the end of the period, the empire consisted of two distinct parts: one made up of ââ¬Ëdependentââ¬â¢ colonies, experiencing direct formal rule; and the other made up of self-governing ââ¬Ësettlementââ¬â¢ colonies. This development occurred as a result of a series of social, political and economic reforms. In order toRead MoreThe Mind Body Identity Theory1668 Words à |à 7 Pagescausal chains. Argument for Identity Theory As the tool of scientific investigation increase, the relationship between the mind and the brain has never been more intimate. Chemical changes in our brain could lead to heightened euphoria or it can lead to the most profound depression. Damages to the brain can lead to changes that can eliminate the some abilities of the brain, such as smell, vision, or even the ability to recognized faces. Therefore, this is at that vary lease a powerful correlation betweenRead MoreThe Impact of the Scientific Revolution Upon the Enlightenment 975 Words à |à 4 PagesThe age of Enlightenment was a progression of the cultural and intellectual changes in Europe that had resulted from the scientific revolution during the sixteenth and seventeenth century. The scientific revolution and the discoveries made about the natural world would ultimately challenge the way people perceived the world around them. Scientist found real answers, by questioning flawed ancient beliefs that were widely held and m aintained by the church. Ultimately, these discoveries and scientificRead MoreDifferences Between Culture, Race, And Class1329 Words à |à 6 Pagesto the text Understanding Human Differences by Koppelman stated ââ¬Å"For every talent that poverty has stimulated it has blighted a hundredâ⬠(p. 264). Secondly, the difference that was recognizable was the religious aspect. Even though Claudio was raised a Roman Catholic and I an Anglican, we both believe in the same God. Our views on heaven and hell totally differ relating to religious beliefs. From my perspective I, believe in heaven and a hell. Coupled with, being accountable to someoneRead MorePeriod 2: Organization and Reorganization of Human Societies (600 Bce - 600 Ce)1199 Words à |à 5 PagesPERIOD 2: Organization and Reorganization of Human Societies, c. 600 BCE to c. 600 CE The Development and Codification of Religious and Cultural Traditions I. Codifications and further developments of existing religious traditions provided a bond among the people and an ethical code to live by. A. The association of monotheism with Judaism was further developed with the codification of the Hebrew Scriptures, which also reflected the influence of Mesopotamian cultural and legal traditionsRead MoreEnlightened Rulers: Frederick the Great vs. Joseph II Essay example563 Words à |à 3 Pagesbe Enlightened rulers. By implementing modern changes that supported knowledge, education, and the arts for the betterment of the country and its society, Frederick the Great and Joseph II furthered the development of Enlightenment principles in contrast to the system that was previously enforced. However, they also created a hindrance due to the introduction of reforms that did not adhere to the morals of the Enlightenment such as believing that change occurred from the uppermost layers of a socialRead MoreDifferences Between Culture, Race, And Class1546 Words à |à 7 PagesThis paper will focus on the similarities and differences in cultures and how it relates to human resilience, st ruggles and faith. The purpose of this paper is to highlight the effects that culture, race, and class have on human behaviors and beliefs. The cross culture countries of analysis will be Guyana and Portugal which are situated at two opposite ends of the world. One major difference is Guyana, which is located in South America and Portugal in Southwestern Europe. Which makes this comparisonRead MoreShould Abstinence Only Sex Education?869 Words à |à 4 Pagesreligion is Americas #1 social institution, it is no surprise that the most widely used sex education approach follows the beliefs of the church (Delamater, J. D. Lecture 9/29/14). The sex negativity of the Christian tradition stems from the philosophies of Stoicism and Neo-Platonism which both enforce that sex is solely for procreation. (Delamater, 2014, p. 483) The Christian belief that abstinence is the only moral way to avoid STIs and pregnancy has led to the incorporation of abstinence-only sex educationRead MoreGlobal Trade and Addiction during the Age of Exploration Essay764 Words à |à 4 Pagesdecision on capitalism. China, due to its unique environment and legal codes, was the only country that held a monopoly on its ââ¬Å"drug food,â⬠tea. As the English sipped on something new for a change they became enlightened since tea actually had benefits unlike their once preferred drink, alcohol. Tea stimulated people to work longer hours, instead of being tired and thus going home early. They also began to gather at coffeehouses that had become the epicenter of the English peopleââ¬â¢s day to day interactions
Tuesday, May 5, 2020
Research Summary on Cigarette Consumption in Australia
Question: Write down research summary aboutCigarette Consumption in Australia? Answer: Introduction The government of Australia is quite concerned about the significant impact of smoking costs in the countrys economy. The government has recently imposed tobacco related taxes to reduce the smoking habit, especially among the young generation. So this paper will investigate the effectiveness of such tax from the economic perspective in Australia. Basic Discussion Considering the rate of smoking in Australia, Cancer Institute NSW Tracking Survey had performed a survey in order to gather responses from the scenario of price increases. The result of survey indicated that 47.5% smokers did the smoking related changes and 11.4% made the product related changes (Adda and Cornaglia, 2011). According to the Victorian Smoking and Health Survey, out of the 45% smokers, 28% tried to quit smoking while 34% was reported to limit their smoking habit. Most of the young smokers had tried to quit smoking due to the price increase. In New South Wales, the maximum rate of quitting or limiting smoking habits have been found compared to the previous years. Figure 1: Tobacco Smoking in Australia (Source: National Preventive Health Taskforce 9) The Australian government believes that increase in price of tobacco products may decrease the rate of consumption favourably. According to the estimation of price elasticity of the tobacco products, the demand or consumption will fall 1% due to the increase of price at 10% (Cawley, et al., 2003). A further 2% can be observed in a result of 20% increase of price and so on. However, the research suggests that increase in tobacco costs will follow by the moderate falls in both the amount of cigarettes consumed by the existing smokers and rate of persons smoking cigarettes. Figure 2: Tobacco Price and Consumption in Australia (Source: ABS 2012) Different studies on economic theories suggest that the external cost of the tobacco related products are used to be low and it always refrains from recommending the huge taxes on the production or consumption level. In this case, the behavioural economics suggests that the individuals make their rational decision-making by fully aware of the health hazards of tobacco products by the process of overconsumption. It can be influenced by their psychological tendency (Chaloupka, et al., 2001). That is why, the use of taxes, i.e. the government intervention serves as the self-controlling device that assists on reducing the consumption of tobacco. This can result in the quit attempts. According to the estimation of international consensus, in the high-income countries like Australia, the taxing policy imposed on the cigarettes according to the economic theory can reduce the consumption of tobacco between 1.2% and 3.36%. From the perspective of public health aspect, the increasing tax on tobacco production and selling has a straightforward logic that it encourages the smokers to quit smoking and saves more lives by that process (Korsmeyer and Kranzler, 2009). Therefore, the rationale of this particular section is laid on the price increases on the tobacco products due to the higher taxes can able to counter some of the harm to the society that is constantly ignored by the private market. Figure 3: Affordability of Cigarettes and Tobacco Consumption in Australia. (Source: Scollo 2012) On the contrary to the efficiency of the taxation policy by the way of governments intervention to correct the market failures related to the consumption and production of tobacco products can also lead to the government failure. By the scepticism of economists related to the tobacco taxation policy, it is generated from the empirical and theoretical concepts regarding to bring the equity and efficiency (Licht, 2011). Though, the economists agrees with the fact that the taxes are required to impose on the product prices when the decisions of the individuals are harming the society as a whole, but they also believes that the interference of taxes should not be made on the private choices that do not harm the others. The higher taxes will be ineffective if the harm from limiting the overall consumption level of the individuals exceeds the social benefits of reducing the usage of tobacco. Apart from that, the higher tax can be regressive if the inferior groups are allowed to tolerate the excessively outsized burden (Moodie, et al., 2009). They should face with the limited ability to buy and consume other products. A more growing and recent research of the economic body refers that the application of conventional analysis is inappropriate in case of tobacco taxation. It is recognized that tobacco is an addictive product. The intent of quitting it is widespread concept but the attempt to make the quit is difficult. This process underlies the most policies to control tobacco from advertising restrictions to cessation assistance. However, in this particular case, the issue related to the self-control has not been integrated in the process of analysis regarding the optimal tax levels of tobacco. Therefore, the process of self-controlling act is among the phenomena that are well investigated under the concept of behavioural economics (Warner, 2006). As part of the process, the psychological research is needed to carry out on the decision making criteria of individuals. This intended process helps to analyse the market outcomes facilitated by the common cognitive and perceptual restrictions and difficulties that are overlooked by more conservative economic models. According to Jonathan Gruber and Botond Koszegi, by using the behavioural economics, the higher taxes are more appropriate than the rates typically recommended. The above discussion clearly suggests that there is the significant factor lies in the society as well by considering the government failure on imposing higher taxes on the tobacco products (Chaloupkaet al., 2001). The fact generated from different arguments can prove the concept. The economists agree that smokers tend to concentrate to the current reward from smoking than attentive to their future health. In this process, they value the present consumption more than the future outcomes. This can be a potential threat to the overall society as it will reduce the future health expenses of the smokers. Conclusion The use of taxing policy to reduce smoking from the society is often considered as paternalistic in the environment. The risk associated with smoking is concerned by all and it will be effective if the rate of smoking declines by the influence of nontax involvements and maximized wealth (Korsmeyer and Kranzler, 2009). Therefore, the global health priorities, behavioural economics should be considered for analysing tobacco prices, taxes and demand behaviour. This certainly can facilitate the process of imposing higher tobacco excises in an attempt to reduce the consumption. References Adda, J. and Cornaglia, F. (2011).Taxes, cigarette consumption, and smoking intensity. Florence: European University Institute. Cawley, J., Markowitz, S. and Tauras, J. (2003).Lighting up and slimming down. Cambridge, Mass.: National Bureau of Economic Research. Chaloupka, F., Farrelly, M. and Pechacek, T. (2001).The Impact of Tobacco Control Program Expenditures on Aggregate Cigarette Sales. Cambridge, Mass.: National Bureau of Economic Research. Korsmeyer, P. and Kranzler, H. (2009).Encyclopedia of drugs, alcohol addictive behavior. Detroit, Mich.: Macmillan Reference USA. Licht, A. (2011).Socio-economic variation in use of price minimizing behaviors and subsequent effects on cessation indicators. Moodie, A., Daube, M. and Carnell, K. (2009).Australia - the healthiest country by 2020. Canberra: Australian Government, Preventative Health Taskforce. Warner, K. (2006).Tobacco control policy. San Francisco: Jossey-Bass.
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