demerit

Examples of demerit in the following topics:

• Causes of Market Failure

  • Overprovision of demerit goods: a demerit good is a private good that society believes is over consumed, often with negative externalities.
  • For example, cigarettes, alcohol, and prostitution are considered demerit goods.

• Social Marketing

  • Social marketing can be applied to promote merit goods - or to make a society avoid demerit goods - and thus to promote society's well-being as a whole.

• Morality, Justice and a Stable Society

  • "Were it possible that a human creature could grow up to manhood (sic) in some solitary place, without communication with his (sic) own species, he could no more think of his own character, of the propriety or demerit of his own sentiments and conduct, of the beauty or deformity of his (sic) own mind, than of the beauty or deformity of his (sic) own face.