How have the monetary and fiscal policies affected the employment rates in the tobacco industry?
How have the monetary and fiscal policies affected the growth of the tobacco industry?
How have the monetary and fiscal policies affected the prices of the product the tobacco industry produces?
Please find the file attached.
Effect of Monetary and Fiscal Policy on the tobacco industry
The tobacco industry consists of those persons and companies that are involved in the growth, preparation for sale, shipment, advertisement, and distribution of tobacco and tobacco-related products. It is a global industry. Tobacco can grow in any warm, moist environment; this means that it can be grown on all continents excluding Antarctica. Usually, the tobacco industry refers to the companies that produce or sell snuff, cigars, cigarettes, chewing and pipe tobacco and. This industry is closely dominated by huge firms. Several companies are concentrated in the southern United States, due to the historical growing areas.
Industry outlook in the United States
In the United States, the tobacco industry has suffered to a great extent from the mid-1990s, when several U.S. states took legal action against it. The industry was found to have decades of internal memos confirming in detail that tobacco contains nicotine and is both carcinogenic (cancer-causing) and addictive.
Fiscal and Monetary policy of the Tobacco Industry
The fiscal policy is considered as a government policy, which is concerned with raising revenue through taxation and other means and also deciding the level and pattern of expenditure (Mathur, 2003). It controls or influences the economic directions of a country through changes in the government taxes and the government spending. On the other hand, the monetary policy regulates the money supply or credit in the ...
The response addresses the queries posted in 977 words with references.