PUBLIC HEALTH

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Explaining The Concept Of Consumer Surplus

A large majority of people do not smoke, or no longer smoke, and tend to accept certain bits of conventional wisdom without question. Smoking tobacco being harmful to one's health, smokers therefore need to be protected--even those who would choose to, say, patronize their own smoking restaurants and bars. And we can count on government to enforce regulations and bans to this effect. But what if smokers get something from their "vice," and that this can be explained in economic terms? The answer could be found in the concept of consumer surplus.
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Here's The Reason You Should Get Your Flu Shot

Seniors are the most significantly affected. In Canada, seniors represent 15 per cent of our population, yet account for up to 40 per cent of all influenza infections, the majority of all hospitalizations and deaths from influenza. Why? Because seniors are more likely to be frail and have chronic medical conditions that put them at high risk for influenza and its complications.