Price-gouging that occurs after an emergency, such as hurricane Harvey, has its obvious ethical dilemmas, but free market economists argue that it prevents scarcity. Laissez-faire economists believe that when quantity demanded increases the price must also rise because the higher price will become a necessary incentive for suppliers. They claim that when there is a scarcity, the distribution of goods and services are best done in a free market economy. The pricing system that is vital to the economy gets destroyed when the government intervenes. Price-gouging is currently illegal in 34 states because it is viewed as taking advantage of the disadvantaged. Humanitarian instinct directly contradicts with price-gouging because it wants to ensure
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To grow food-selling companies must expand to new markets. Food corporations have begun to flood the market in developing countries, marketing processed foods to low income families. Nestle expects over 40 percent of its sales to come from emerging markets within the next three years. When major companies enter these developing markets, they are able to supply the needs that are demanded and often times create more jobs. These benefits come with the cost of obesity, New York Times states that, "the obesity epidemic is inextricably linked to the sales of packaged foods."
As Brazil's fast-food market has recently grown 82 percent, obesity has begun to take over the country. According to the Washington Post 57 percent of Brazil's population is overweight, 1 in every 5 people have been diagnosed with obesity and one in three children are overweight. Currently, more people are obese than underweight. A regional nutrition adviser for Pan American Health Organization, Fabio Gomes, said that the rising obesity in Latin American is due to the "fast-food giants that advertise aggressively to poorer, more susceptible
To grow food-selling companies must expand to new markets. Food corporations have begun to flood the market in developing countries, marketing processed foods to low income families. Nestle expects over 40 percent of its sales to come from emerging markets within the next three years. When major companies enter these developing markets, they are able to supply the needs that are demanded and often times create more jobs. These benefits come with the cost of obesity, New York Times states that, "the obesity epidemic is inextricably linked to the sales of packaged foods."
As Brazil's fast-food market has recently grown 82 percent, obesity has begun to take over the country. According to the Washington Post 57 percent of Brazil's population is overweight, 1 in every 5 people have been diagnosed with obesity and one in three children are overweight. Currently, more people are obese than underweight. A regional nutrition adviser for Pan American Health Organization, Fabio Gomes, said that the rising obesity in Latin American is due to the "fast-food giants that advertise aggressively to poorer, more susceptible