Premium Essay

Substance and Economics

In:

Submitted By Corbo101
Words 1209
Pages 5
SUBSTANCE AND ECONOMICS Culture is a learned reaction, this human survival trait gives us a way to colonize and adapt to our environment. With out this key element, adaptation becomes complicated, and our species will die off. Archeologist have dug and scraped away the dirt, rocks and mud to bring us a glimpse of the past. Their fieldwork has shown us how we, as a whole, have biologically adapted to suit our modern needs in the environment that our ancestors have lived in. In addition, they also tell us how we have changed the natural environment as the population has increased in size. This brings us to substance and economics, a basic foundation in which a culture can survive. The definition of economics is reacting to the production, distribution, and consumption of goods and services. For the definition of substance I have found two that compliment this cross-cultural comparison. One is material possessions, wealth, and property. The second definition is that which gives stability or solidarity, confidence, and ground. These definitions are not only evident in today's modern social infrastructures but also evident in cultures of the past and the social order in other countries. We have come to understand that there are four ways to sustain a community that our evolution process has brought us to. These ways are hunting and gathering, fishing and gardening, herding, and agriculture. The longest known survival method is hunting and gathering. This course of action was a main part of the old stone culture known as the Paleolithic period when hominids walked the land. They would gather berries, seeds, wild fruits, vegetables and even hunted wild game in the area. This type of practice is still used today in Africa and other parts of the world. Similarly, the Yiwara, who inhabit the heart of the Gibson Desert, have a lifestyle adapted to this arid

Similar Documents

Premium Essay

Economics of Substance Abuse

...Health Economics Abstract Studies, research, and conclusions on the effectiveness of substance abuse treatment programs are numerous. However, there does not appear to be a single answer or even a manageable set of solutions for how to effectively and efficiently treat those suffering the ill effects of substance abuse. This paper aims to make the case that the most effective way to deal with this problem is to attack it at the source, by trying to eliminate, or at the very least disrupt, the supply of illicit drugs available for purchase and consumption. The attempt to make this case is done by pointing out the mixed results of previous substance abuse treatment programs and by using systems theory to explain why the complexity of treatment options makes it difficult to accurately evaluate such programs. The Economic Impact on Substance Abuse The effect of substance abuse on the United States economy is astronomical. Consider that in 2004, almost a tenth of the nation’s population ages 12 and older were classified with substance abuse or dependence disorders (Morgan & Crane, 2010). The issue is so complex, in fact, it is nearly impossible to put an accurate price tag on the impact. If one focuses solely on the economic impact of this epidemic, one would have to calculate numerous costs. People who abuse and are addicted to illicit drugs spend hundreds and thousands of dollars to feed their habit, which is money that could be spent in more productive ways...

Words: 2958 - Pages: 12

Premium Essay

The Economic Substance of Accounting Treatment of Property, Plant and Equipment

...The Economic Substance of Accounting Treatment of Property, Plant and Equipment Related IASs and Faithful Representation April 03, 2010 Introduction Theoretical principles of conceptual framework help determine which events should take place and when. They aid professionals with development of new standards and principles. The users of financial statements of public companies depend on the faithful representation of the entity’s financial statements. The financial statements must be adjusted on a regular basis to reflect economic substance of their information, as the users need these amounts to faithfully represent the account balances as an indicator of a company’s future earning power. As IFRS is introduced into Canadian practice in 2001, companies will be required to focus on which methods will emphasize economic substance with the changes in accounting policies. In the following discussion, we will focus one aspect of the conceptual framework around IFRS, in particular, economic substance, as it relates to the application of IFRS in reporting Property Plant and Equipment (PPE.) Recognition of PPE to Reflect Economic Substance Changes to the recognition of property, plant, and equipment Among the most significant changes are the options of accounting policy regarding the ongoing valuation of an asset on a class by class basis. Under GAAP, the cost model was the only choice; IFRS provides two options, the cost model or the revaluation model. These options are...

Words: 3015 - Pages: 13

Free Essay

Environmemt

...Abstract This act of Toxic Substances Control offers the Environmental Protection Agency (EPA) the ability to control industrial chemicals that are not protected by other statutes. It is know that till this day there are added more than 83,000 such chemicals. Nevertheless, the law is commonly observed as weak and out-of-date, and a number of different stakeholders have called for its reform, quoting the EPA’s failure to control the use of asbestos, throughout extra substances. They analyze the errors in the act and recommend different methods in which the EPA gets strength and improves their position itself to accomplish chemical hazards and safeguard the public’s health. Furthermore to the different tools and technologies it is accepting, the agency needs new associates both inside and outside the government in its determinations to classify and regulate hazardous chemicals.  Name of the environmental law -The Toxic Substances Control Act Date the law was passed - 1976 Provide a description of the law - The Toxic Substances Control Act of 1976 provides EPA with power to need reporting, record-keeping and testing requirements, and restrictions relating to chemical substances and or mixtures. Some substances are mostly disqualified from TSCA, including, among others, food, drugs, cosmetics and pesticides. Background information what initiated the law? Why it was provide specific information about the situation. -The objective of the Toxics Substances Control Act (TSCA) is...

Words: 505 - Pages: 3

Premium Essay

Substance Abuse

...Substance Abuse Just like many disease or mental illness, substance abuse does not discriminate. Substance abuse can result from sociocultural, due to stress of environmental factors, social economics and unemployment’s. The use of substance abuse whether it is alcohol, prescription drugs, or other method it is a stress reliever for the abuser, helping them escape. The addiction to substance abuse makes it hard to function and work in the real world because the abuser becomes dependent and develop higher tolerance. Those suffering from substance abuse may have genetic been given through it through an addict mother, or suffering through a life crises of depression, stress and anxiety. Psychological Factors There is several reason one would try drugs that may turn into substance abuse, it could be the mere fact of stress and unemployment, abusing alcohol or substance abuse allows the person to be able to relieve the stress and feel at peace. Substance abuse can result from social economics and surrounds, whether it is something we see on television or dealing with peer pressures of friends, family and coworkers. The void drugs fill in your life will take part of you life making it hard to accomplish any tasks. Effects The effect of substance abuse can result in changes in the brain interfering with the ability to think clearly, exercise good judgment, controlling our behavior, and this results in poor work performance. You frequently call out of work, running late, struggles...

Words: 594 - Pages: 3

Free Essay

Legalization of Marajuana

...marijuana plant that are taken by a person through various methods such as ingestion or smoking and are meant to give a psychoactive effect to the user. The drug can also be taken in its raw dried form where it is usually smoked. Marijuana is the most widely used illicit substance in the world (Levinson 9). It is illegal to grow, possess, or use the drug in its various forms. However there is an increasing debate for legalizing the drug. The first argument that proponents of the drug have pushed are that the drug is not as dangerous as the authorities and other parties against it have made it seem. Marijuana has the same, if not less than effect on the user’s body, in comparison to alcohol and tobacco, which are legal in many countries (Johnson 702). Studies have been conducted on the chemical compounds contained in marijuana such as the British Medical Association, and they found that the nicotine found in cigarettes is a lot more addictive than THC: the active compound found in cannabis. Another argument on the dangers of these legal drugs are the numbers of deaths that have been attributed to alcohol and tobacco use mainly through disease and accidents caused while under the influence of these substances (Douglas et al 83). It is shown that more people have died through lung cancer, ulcers, drunken driving accidents and other alcohol and tobacco related incidents than the total number of people that have succumbed as a result of marijuana use. The second point that supports...

Words: 1205 - Pages: 5

Premium Essay

Prescription Drug Abuse Concept Analysis

...Each substance has its own diagnosis and can be mild to severe (American Psychiatric Association, 2013). Substance abuse was considered a mild or early form while dependence was considered the more severe form of abuse (American Psychiatric Association, 2013). Dependence was seen as a problem with addiction when in actuality it can be a normal response to taking a substance for prolonged periods (American Psychiatric Association, 2013). DSM-IV can be used to diagnose addictions from gambling to substance addictions such as prescription or illicit drugs (American Psychiatric Association,...

Words: 1611 - Pages: 7

Premium Essay

Homelssness

...“Homelessness is a worldwide problem that affects millions. You will find them sleeping on sidewalks, under bridges, on park benches, in cars and in any little cubby hole they can find. You will see women, men, young kids and families” (G. Davis, personal communication, June 29, 2015). ("The Portland Rescue Mission" ( 2015 ).  Retrieved from http://www.portlandrescuemission.org/learn-more/myths-about-homelessness According to ‘the Portland Rescue Mission’ (2015), “The methodology for finding and counting the homeless is imperfect; we simply do not find everyone”. “Why are they all out there? What is Homelessness and what causes it? Homelessness is a very complicated issue that has no social or economic boundary. Mental illness, substance abuse, domestic violence and economic times affect all ages of the Homeless” (G. Davis, personal communication, June 29, 2015). 1. Homelessness and Mental Health Mental Illness seems to be one of the leading causes of homelessness. “During my involvement with the homeless, I knew of a women name Frankie. Frankie was a school teacher, had a husband and two children. One night their home burned down with Frankie’s husband and children being lost in the fire. Frankie lost all rational thinking, not understanding why she lived. Frankie had a complete mental breakdown and ended up on the streets of Dallas homeless. This is a case of mental illness being the cause of homelessness. (G. Davis, personal communication, June 29, 2015)....

Words: 1201 - Pages: 5

Premium Essay

Is America’s Economic Answer, Marijuana?

...age where numbers are everything, it is “the” thing. This is a disclaimer: I am not writing about the legalization of weed. In fact, I am addressing the economic argument of if marijuana is the productive economic stimulus the United States has been looking for. Marijuana as of right now is an illegal banned substance in most states, yet without many documented negatives, is left out and unable to bring most state revenue departments hundreds of millions of dollars per year, further helping this country and keeping it out of another economic recession. In this argumentative piece, I am going to address if marijuana is actual an economic benefit in the states that do allow it, or if it is just a myth. Now we must first address the elephant in the room. There is a certain stigma with Marijuana. It has been said by many that the legalization of marijuana is not in hopes of revenue and economic gains, but instead our troubled generations excuse to legalize a substance that as of now is still widely illegal. It is important to note the now cultural norm marijuana’s widely gained. On the Expanded Academic ASAP Gale, Ventrell Marvin goes into depth on Colorado’s land mark experiment of Marijuana. The author of the scholarly source explains a run in with a Colorado pharmacist when it pertains to the country wide stigma of the substance. He asked, "Does your industry really think people who wanted to smoke before Jan. 1 chose not to because it was illegal? Do you seriously know anyone...

Words: 3620 - Pages: 15

Premium Essay

E-Waste Management In The Philippines

...problem. Our existing waste management policies lack a specific or solid framework for dealing with E-waste. Our country has no official definition of what constitutes E-waste. The overall framework for managing waste, the Ecological Solid Waste Management Act of 2000 or otherwise known as Republic Act No. 9003, covers all forms of solid waste. Since E-waste contain hazardous and toxic substances, the nearest definition would fall under “hazardous waste” as defined in the Toxic Substances...

Words: 709 - Pages: 3

Premium Essay

Estate of Leavitt V. Comm

...be entitled to add a pro rata share of the loan to their adjusted basis. The Tax Court disallowed such increase in basis. Issues: The issue is whether the shareholder-guarantors should add a pro rata share of the loan to their adjusted basis and deduct operating losses to the extent of the basis. Court holdings: U.S Court of Appeals affirmed the Tax Court decision, concluding that shareholders’ basis in stock wasn’t increased by personal guarantees given as collateral and proportionate shares of NOL was limited to initial investment. Analysis and Discussion: To increase the basis in the stock of an S corporation, there must be an economic outlay on the part of the shareholder. A guarantee itself cannot fulfill that requirement. VAFLA made all the payments to the bank and the appellants have not experienced no cost and thus no economic outlay. If VAFLA had defaulted and the shareholder-guarantors made actual disbursements on the...

Words: 775 - Pages: 4

Free Essay

Business Proposal - Probuphine

...Business Proposal Substance Abuse in the United States has a detrimental impact on society. Some estimates reported by NIDA (National Institute on Drug Abuse) state that the total overall cost in 2012 of substance abuse in the U.S, including productivity, health related costs, and crime related costs are upwards of $600 billion each year (NIDA, 2012). Illicit substances alone exceed $193 billion annually (NIDA, 2012). Illicit substance abuse carries with it significant destruction for the economy and society, including; unemployment, divorce, foster care for children in homes of addicted individuals, domestic abuse, child abuse, overcrowding of prison systems, and the list goes on and on (NIDA, 2012). This business proposal presents a new medication called Probuphine created to assist individuals fighting the battle against opioid addiction. The market structure and elasticity of the product is discussed throughout the proposal, with a specialized focus on the rationale for pricing related to the elasticity or non-elasticity of the product. Marginal cost and marginal revenue are analyzed as the proposal progresses and non-pricing strategies are evaluated to choose which strategy is the optimal choice for the success of the business. Last, the fixed and variable costs associated with the production of the medication are determined and discussed. Many people believe that addiction is something that can be controlled by will power or choices, but in fact, research shows that addiction...

Words: 1305 - Pages: 6

Premium Essay

; Legalizing Drugs

...nowhere that you can find reliable, objective scientific evidence that they are any more harmful than other substances and activities that are legal. In view of the enormous expense, the carnage and the obvious futility of the "drug war," resulting in massive criminalization of society, it is high time to examine the supposed justification for keeping certain substances illegal. Those who initiated those prohibitions and those who now so vigorously seek to enforce them have not made their objectives clear. Are they to protect us from evil, from addiction, or from poison? The concept of evil is derived from subjective values and is difficult to define. Why certain (illegal) substances are singularly more evil than legal substances like alcohol has not been explained. This complex subject of "right" and "wrong" has never been successfully addressed by legislation and is best left to the pulpit. Addiction is also a relative and ever-present phenomenon. It certainly cannot be applied only to a short arbitrary list of addictive substances while ignoring an overabundance of human cravings - from chocolate to coffee, from gum to gambling, from tea to tobacco, from snuggling to sex. Compulsive urges to fulfill a perceived need are everywhere. Some people are more susceptible to addiction than others and some "needs" are more addictive than others. Probably the most addictive substance in our civilization is tobacco - yet no one has suggested making it illegal. As for prohibition, it has...

Words: 983 - Pages: 4

Premium Essay

Marijuana Legalization

...that you can find reliable, objective scientific evidence that they are any more harmful than other substances and activities that are legal. In view of the enormous expense, the carnage and the obvious futility of the "drug war," resulting in massive criminalization of society, it is high time to examine the supposed justification for keeping certain substances illegal. Those who initiated those prohibitions and those who now so vigorously seek to enforce them have not made their objectives clear. Are they to protect us from evil, from addiction, or from poison? The concept of evil is derived from subjective values and is difficult to define. Why certain (illegal) substances are singularly more evil than legal substances like alcohol has not been explained. This complex subject of "right" and "wrong" has never been successfully addressed by legislation and is best left to the pulpit. Addiction is also a relative and ever-present phenomenon. It certainly cannot be applied only to a short arbitrary list of addictive substances while ignoring an overabundance of human cravings - from chocolate to coffee, from gum to gambling, from tea to tobacco, from snuggling to sex. Compulsive urges to fulfill a perceived need are everywhere. Some people are more susceptible to addiction than others and some "needs" are more addictive than others. Probably the most addictive substance in our civilization is tobacco - yet no one has suggested making it illegal. As for prohibition...

Words: 984 - Pages: 4

Free Essay

Hiv and Drugs

...HIV/AIDS & DRUG AND SUBSTANCE ABUSE 11TH MARCH 2016 1.Drugs and substance abuse in Kenya as in other countries permeates every sphere of the society and, indeed, threatens the very fabric of nationhood. As further stated ; HIV and AIDs in the Kenya context as a socio-economic and cultural issue. * Human capacity crisis e.g. Poverty * Slow economic growth * Chronic food security * Reduced life expectancy * Enhanced gender inequality as females are affected more than the male counterparts * Stigma, wife inheritance, FGM, early marriages, polygamy The causes of Alcohol and Drug Abuse. * Stress * Genetic predisposition * Socio-cultural environment * Easy access, poor/ lack of role models * Rebellion against family, traditional values * Lack of information/education * Poor parenting * Peer pressure, experimentation, curiosity The following are the Effects of Alcohol and Drug Abuse. * Social impact (Crime, GBV, breakdown in the social cultural norms, dysfunctional families/ separation/ divorce, child trafficking, immorality, orphans, high number of dependents, diseases, accidents, school unrest) * Economic impact (high poverty levels, high medical costs, unproductivity, overburdening of service provision , diversion of essential resources, economic crises such as bribery, corruption and money laundering) * Political impact – Breakdown of law and order, rise in vigilante groups and organized crimes...

Words: 417 - Pages: 2

Premium Essay

Assignment 3

...malaise that the U.S. has been fighting since a long time and still has a long way to go, whether it is the youth or the elderly, people from all age groups, all ethnicities and races, all regions and religions, seems to be afflicted with the enigma that is drug abuse. Internationally, over 200 million people chomp through some type of illicit drugs. From ordinary bhaang, Cannabis, opium to artificial “designer” drugs like ecstasy or MDMA, barbiturate derivatives, benzodiazepines like alprazolam, diazepam, amphetamines, Phenethylamine and Tryptamine derivatives; different forms of drugs are available for inducing excitation or jubilation. What is Drug Abuse Drug abuse is unprovoked, decorative utilization of any usual or synthetic substance or drug in an unapproved amount for performance augmentation and psychosomatic effect for non-therapeutic, non-medical use by an individual with methods neither approved nor supervised by medical professionals. The society as a whole has been at the suffering end of this habit for a long time. Drug abuse has made such deeper inlays in our lives that there seems to be no end to this menace. Drug abuse is a major public health problem that impacts society on multiple levels. Directly or indirectly, every community is affected by drug abuse and addiction, as is every family. Drugs take a tremendous toll on our society at many levels. People who use drugs incident a wide array of bodily effects other than those expected. The thrill of cocaine...

Words: 3056 - Pages: 13