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The economics of alcohol consumption in the UK

The alcoholic drinks sector is a significant part of the British economy, and alcohol is seen as part of the British way of life. However, the consumption of alcohol has several negative impacts. Jonny Rae looks at some of the economic arguments

the market for alcoholic drinks, externalities, indirect taxes

People around the world enjoy an alcoholic drink from time to time, to help to relax and wind down. Often alcohol is consumed socially with friends, perhaps over a meal or simply down in the local pub. However, alcohol consumption is more prevalent in some countries and regions than others, with cultural and religious attitudes often determining how widespread this behaviour is.

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