This chapter discusses the food and alcohol as one group, namely ‘food’, and analysed the demand for the food group together with another eight or nine broad commodity groups such as clothing, housing, health and restaurant meals unconditionally. Consumer demand for food is an important consideration for policy makers and agribusiness market participants to plan and implement social, welfare and food security-related policies and business policies. However, the magnitude of change in food demand in response to a change in price and income can be predicted and quantified through income and price elasticities. Alcohol consumption patterns are also of great interest to many stakeholders. Worldwide, the harmful use of alcohol results in 3 million deaths annually, representing about 5.3 percent of the global deaths. A large body of consumer demand literature has noted that reducing the affordability of alcohol has shown significant effectiveness in controlling alcohol consumption.
|Title of host publication||Household Demand for Consumer Goods in Developing Countries|
|Subtitle of host publication||A Comparative Perspective with Developed Countries|
|Editors||Selva Selvanathan, Saroja Selvanathan, Maneka Jayasinghe|
|Place of Publication||London|
|Publisher||Routledge Taylor & Francis Group|
|Number of pages||50|
|Publication status||Published - 2022|