The Impact Of Electronic Smoking
Introduction
All the countries around the world have been taking more seriously the effect that smoking has on the society. As known, smoking cigarettes can cause lung cancer, as it damages our lungs containing nicotine. Personally, I want to study this topic further because I am interested in the way that the government approaches a market that is constantly selling regular cigarettes and has very high rates for smoking. I would like to further research the effect of what seems to be a solution to a certain type of cancer. I feel like the new product of electronic cigarettes could have an effect on the consumption of cigarettes and therefore lower the death rate caused by normal cigarettes. Electronic cigarettes seem to have proven that they are a way to help people stop smoking or decrease the consumption and addiction created by nicotine and other chemicals. As well as choosing a topic that is very concise but at the same time broad enough, I will be able to present a wide range of theories learnt in the economics course. This essay is based around the idea of externalities. These are a type of market failure, which is a situation in which the allocation of resources is not efficient.
To assess the effect that electronic cigarettes have had on the market of regular cigarettes, the research question “To what extent have electronic cigarettes affected the market for regular cigarettes in the United Kingdom?” was created.
Hypothesis
It was hypothesized that electronic
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