Are video games or online role-playing games ever likely to become a Essay

Are video games or online role-playing games ever likely to become a mainstream pastime for people of all ages and social levels Explain the reasons for your answer - Essay Example Mostly arcade games encompass video games and these games were the source of inspiration that later led to the formation of online games. People adopted this emerging trend fast since video games have been an addictive source of pastime from the beginning. Technology keeps modifying things and later video game arcades also began to lose their captivating charm when they were superseded by home video game consoles and computers. The idea of gaming through computers across internet was favored specifically and this gaming trend is spreading quickly throughout the world affecting not only youth but people from all age groups and social backgrounds equally. The fame and attraction of video games and online role-playing games is sky-rocketing currently. This is understood from the above discussion that people have been playing video games for many years to entertain themselves. Video games have come a long way with features and storylines constantly being modified to match the public’s changing tastes. Now thousands of free online video games can be surfed and downloaded from the internet in no time. New innovative ideas related to video gaming keep cropping up, one of which is online role-playing games. This allows online gaming between people themselves from different areas of the world. A broader term for such games is massive multiplayer online role playing games (MMORPG). Another genre of popular online video games among people is party video games which is quite a patent source of entertainment. It seems like video games have been growing alongside internet keeping people from all age groups equally engaged. This is a reality that video games interestingly allow people a chance of forgetting their day-to-day tensions f or a while, replacing them by little joys that are absolutely necessary to keep going on with life. I, on my part, have been forming opinion regarding the vigorously spreading charm of video games for years. I myself

Microeconomic Issue of Social Importance Essay Example | Topics and Well Written Essays - 1000 words

Microeconomic Issue of Social Importance - Essay Example On the other hand, the suggestion too from the literature is that cigarettes are addictive, and so the demand may in fact be somewhat inelastic. This means that it may be that driving up prices through taxation may not curb consumption as the authorities hope. Some studies suggest this somewhat, even as those studies also suggest that demand is elastic for young smokers, new smokers, and those who have low income. In the long run, therefore, as the population turns over, demand should go down due to taxation leading to higher cigarette prices. The issue at hand is the determination of exactly how cigarette taxation impacts demand, such as in terms of the demographic characteristics of the market response to the taxation and other related aspects of demand. In general, in terms of supply and demand, we see from recent data and from insights from the literature that taxation has a large dampening effect on overall demand for cigarettes (Chaloupka;; Meier and Licari; Wasserman et al.). The overall take from the academic literature is that taxation does curb consumption. Moreover, the higher the price increases resulting from higher taxes, the greater the reductions in demand and consumption. Other insights include that demand is more sensitive to price reductions rather than price increases. This means that reducing taxes can increase demand by a greater amount. This is in comparison to the reduction in demand from the same level of tax reductions. To illustrate, say taxes go down by 10 percent, and demand goes up by say 20 percent. Going the other way, if taxes go up by 10 percent, the demand does not go down by 20 percent, but just by half, at 10 percent for cigarettes. These and other insights are useful in understanding the microeconomic aspects of the impacts of taxation on cigarette consumption and economics. The rest of the paper explores these impacts more closely (Sylvain; Bader et al.). Data from 2012 strongly supports the