Article Analysis Paper

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Week 1 - Article Analysis Paper
ECO 365

Article Analysis Paper Childhood food consumption patterns have been changing over the last three decades with the result that that most children are faced with obesity than ever before. The shift from food from home lunches to restaurant foods and fast food lunches, or junk food, is a major contributory factor. For most parents it is easier for them to give their children money to buy food than to prepare lunches at home. The two-parent working family means that there is little time for the parents to prepare for work and organize packed lunches for their offspring. Fast foods and restaurant meals tend to contain high levels of saturated fats, cholesterol and additives that exceed the recommended averages for a healthy life (St-Onge et al., 2003). In addition, the children prefer sodas and other beverages that contain lot of sugar and ultimately increase the level of energy intake per day. Inadequate exercise and buildup of fatty deposits in the body lead to the obesity and in later on in life, such people become prone to diabetics. The study of changing consumption patterns falls under the ambit of a branch of economics called microeconomics. Economics is the social science that deals with the allocation of scarce resources by examining how the forces of demand and supply determine who gets what and at what price. In a free market situation, the forces of demand and supply are expected to operate freely such that the equilibrium price is wholly determined by the intersection of the demand and supply curve. In practice however, governments and various players in the market interfere with the operation of free market and as a result, prices are distorted. The study of microeconomics is concerned with the reasons behind such distortions and…...

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