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Experts i need the answer of these question for 3 marks (pls give more points)
Explain how Ban on consumption of Cigarette impacts the GDP and welfare of the people.?

Solution:
Impact of ban on consumption of cigarettes are as follow -
GDP will fall because maximum proportion of GDP will come from selling of cigarettes and related products,but this ban lead to welfare of the people will lead to availability of more and more robust human beings who could now contribute to the economy and the rate of deteriorating health of humans due to the consumption of tobacco will also come down.Hence leading to a very good and large impact on the welfare of the society

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The costs of cigarettes produce some potential economic benefits. The economic activities generated from the production and consumption of tobacco provide economic stimulus. It also produces huge tax revenues for most governments, especially in high-income countries, as well as employment in the tobacco industry. If a ban is imposed on the consumption of liquor, the gross domestic product will be adversely affected at least in the short run. The alcohol industry is one of the biggest industries. It would result in problems of unemployment and a decline in tourism. The sale of liquor contributes to the economy through tax to the government.
 
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