ECON 2G03 Chapter Notes - Chapter 7: Pennsylvania Route 309, Liquor Control Board Of Ontario, Shoplifting
25 Jan 2017
School
Department
Course
Professor
Document Summary
Lesson b: risky pastimes: drinking and gambling (not necessarily at the same time) As with other behaviours, economics can look at these two activities with respect to: Both drinking and gambling have the potential for addictive behaviour (psychology literature) Access should be regulated based on age (limit the participation of minors) Want to limit the likelihood of addiction. ): refer to unit on smoking for economical impact. Can lead to liver disease, cv issues and potentially cancer. Impact on family members: decreased productivity (employment, possible links to crime (to finance addiction?) Substantial revenue generator for federal and provincial governments. Comes from taxes and government controlled monopolies for the sale of alcohol (beer store and lcbo in ontario) If gamblers are local residents, then they are likely shifting entertainment dollars from another business towards spending at a casino: ex. Shift from going to theatre, hockey games etc. to casino but total spending roughly equal.
