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Tag: Bienvenido Oplas Jr.
THIS is a continuation of the earlier column published on Sept. 4, 2018. We are exploring some inconsistency in the formulation that “more smoking (and drinking) prevalence means more cardio-vascular diseases (CVD), cancer, etc.” and hence, people live less healthy and live shorter.
Economics is the study of proper allocation of limited resources mainly via market mechanism. If there is rising demand for a particular commodity or service, the price goes up as indicator of consumers’ willingness to pay for more services or goods, and this tells existing and potential providers to increase the supply as there is more revenue and profit to be made.
HERE’s a mixture of news for traffic-wary motorists and passengers in Metro Manila and other big cities in the country.
When developing economies attract multinational companies, they reap benefits. These developing economies get to have more commodities and services that otherwise would remain untapped for a long time. And, as a result, they also earn more revenues, taxes, and royalties even if these economies spent very little. Moreover, technology transfer from multinationals to developing economies is enabled as local professionals are hired to operate, maintain, and upgrade facilities.