tobacco economics

Tobacco economics refers to the financial aspects surrounding the tobacco industry, including production, distribution, consumption, and regulation. It involves the balance of supply and demand, pricing strategies, and the impact of taxes and tariffs on cigarette sales. Governments often impose high taxes on tobacco to discourage smoking and fund public health initiatives. Despite health risks, tobacco remains a significant revenue source for many economies. This industry also creates jobs and drives agricultural sectors, but faces criticism over its public health consequences and ethical implications regarding advertising and addiction.