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- Bad_(economics) abstract "In economics, a bad is the opposite of a good. A "bad" is anything with a negative value to the consumer, or a negative price in the marketplace. Refuse is an example of a bad.A bad is a physical object that lowers a consumer's level of happiness, or stated alternately, a bad is an object whose consumption or presence lowers the utility of the consumer.With normal goods, a two-party transaction results in the exchange of money for some object, e.g. money is exchanged for a car. With a bad, however, both money and the object in question go the same direction, e.g. a household loses money and the garbage. The waste collector is being compensated to take the object from the consumer. In this way, garbage has a negative price; the waste collector is receiving both garbage and money, and thus is paying a negative amount for the garbage.Goodness and badness are an inherently subjective declaration, however. As an example: two diners at a restaurant discover that the "secret ingredient" in the house specialty is peanuts. One of the diners is a peanut-lover, and the other is allergic to peanuts. In this case, peanuts are, in the same time and in the same place, both a good and a bad in economic terms.Additionally, a good consumed by the same individual can turn into a bad over time, and vice versa; the nicotine from cigarettes may give a smoker a feeling of relieved anxiety and reduced stress. Continuing, long-term consumption of cigarettes, however, may have serious adverse effects on a smoker's health, thus turning the utility of cigarettes into the negative. On the other hand, some forms of medical treatment or side effects of medication may seem rather unpleasant to a patient at the time of treatment, but will greatly improve their health and well-being in the long run.".
- Bad_(economics) wikiPageID "2501981".
- Bad_(economics) wikiPageRevisionID "595661054".
- Bad_(economics) hasPhotoCollection Bad_(economics).
- Bad_(economics) subject Category:Goods.
- Bad_(economics) type Abstraction100002137.
- Bad_(economics) type Advantage105155821.
- Bad_(economics) type Asset105154517.
- Bad_(economics) type Attribute100024264.
- Bad_(economics) type Good105159725.
- Bad_(economics) type Goods.
- Bad_(economics) type Quality104723816.
- Bad_(economics) comment "In economics, a bad is the opposite of a good. A "bad" is anything with a negative value to the consumer, or a negative price in the marketplace. Refuse is an example of a bad.A bad is a physical object that lowers a consumer's level of happiness, or stated alternately, a bad is an object whose consumption or presence lowers the utility of the consumer.With normal goods, a two-party transaction results in the exchange of money for some object, e.g. money is exchanged for a car.".
- Bad_(economics) label "Bad (economics)".
- Bad_(economics) sameAs Nežádoucí_statek.
- Bad_(economics) sameAs Barang_merugikan.
- Bad_(economics) sameAs 비재화.
- Bad_(economics) sameAs m.07jb5v.
- Bad_(economics) sameAs Q3566043.
- Bad_(economics) sameAs Q3566043.
- Bad_(economics) sameAs Bad_(economics).
- Bad_(economics) wasDerivedFrom Bad_(economics)?oldid=595661054.
- Bad_(economics) isPrimaryTopicOf Bad_(economics).