Preview

Impact of Anthrax on the Price Elasticity of Beef in the Market of Bangladesh

Powerful Essays
Open Document
Open Document
3613 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Impact of Anthrax on the Price Elasticity of Beef in the Market of Bangladesh
1.0 Introduction

A sudden anthrax attack has caused panic among the beef consumers in Bangladesh. The demand and sale of beef are falling drastically across the country following reports of outbreak and spread of anthrax attack on cattle and human beings in different areas.
This year in Bangladesh the disease was first identified in Sirajganj on Aug 19, at Chithhulia village under Kayempur of ShahjadpurUpazila. There at least 26 people, including two children, showed signs of infection. After that the disease has spread to Pabna, Tangail and Kushtia, and more areas across the country. Over 600 people were infected by the disease. This is not the first time that anthrax has been detected among the cattle in Bangladesh but it is the first time it spread among the people.

1.1Origin of the Report:

This report on “Effect of Anthrax on the price elasticity of beef market in Bangladesh” is a partial requirement of the course entitled Micro Economics, supervised by Mohammad Asad-Uz-Zaman,Lecturer, Institute of Business Administration, University of Dhaka.

1.2 Objective of the Report:

The fundamental aim of the report is to highlight the major economic aspects that have aroused due to the recent outbreak of anthrax in Bangladesh. The primary objective of the report is to present the economic crisis that has occurred in the recently past few months. That is, the report illustrates the major market shifts that has occurred in the beef market and the other related markets such as chicken and fish during the time period of the recent outbreak of anthrax in Bangladesh.

1.3 Scope of the Report:

This report on recent outbreak of anthrax in Bangladeshhas been written in context of Bangladesh. Accordingly the facts and details presented in the report are those relevant to the issue in hand. That is to say only the information related to the recent outbreak of anthrax in Bangladesh, especially inDhaka, has been presented.

1.4 Data Collection Procedure:

You May Also Find These Documents Helpful

  • Good Essays

    Ffn Q and a

    • 1854 Words
    • 8 Pages

    The fast food industry has become a growing epidemic that has continued to grow. Because of this increase in the industry the way that meat is made has become more simple than ever. There are humongous machines that cut down all the parts of the meat however the problem is that the cattle as a result are treated brutally. Most of them are killed while still alive and are shocked with an electric rod and killed in an instant. The cattle business has become competitive and the way the cattle are treated has become worst each year.…

    • 1854 Words
    • 8 Pages
    Good Essays
  • Good Essays

    Chemical Changes Lab

    • 611 Words
    • 3 Pages

    One way to test a material for the presence of sodium bicarbonate is to take a sample and add HCl (Hydrochloric Acid) and see if a chemical reaction (bubbling, releasing Carbon Dioxide) occurs. If this chemical reaction does occur, then the material does in fact contain Sodium Bicarbonate.…

    • 611 Words
    • 3 Pages
    Good Essays
  • Better Essays

    Indiana Jones Views on God

    • 1034 Words
    • 5 Pages

    "Anthrax Facts." Vermont department of Health Agency of Human services. VDH. Web. 11 Apr 2013.…

    • 1034 Words
    • 5 Pages
    Better Essays
  • Good Essays

    In “A Good Man is Hard to Find,” Flannery O'Connor frequently utilizes foreshadowing to raise suspense and intrigue readers in anticipation of her characters’ eventual demise. The story barely begins before we encounter the first example. The story’s protagonist, the grandmother, announces news of an escaped criminal to her son. The felon was headed to Florida where, readers quickly learn, the family was also going. She exclaims, “you read here what it says he did to these people,” and “I couldn't take my children any direction with a criminal like that aloose in it” (117).…

    • 278 Words
    • 2 Pages
    Good Essays
  • Good Essays

    Pink Slime Research Paper

    • 754 Words
    • 4 Pages

    Americans dislike health scares. Think, mad cow, deadly. The recent attack on Beef Products, Incorporated is outrageous inexcusable. A public outcry abruptly erupted from mislead information over a ground beef filler know to the public as pink slime. The repeated use of the term “pink slime” has led to an unwanted, wholesome product being driven into the dirt. The smeared, untruthful campaign against Lean Finely Textured Beef has led to the closure of three processing plants. The product is derived from excess trimming of beef, generally the steak and roast portions, which is 100% safe to consume and was added to 70 percent of ground beef. This not only affects the direct producer, Beef Products, Inc., it affects the meat processing industry…

    • 754 Words
    • 4 Pages
    Good Essays
  • Good Essays

    In the documentary Food Inc., food-borne illness was one of the leading themes and also gave a story to go along with it. The director’s main argument was to show consumers where their food is coming from and the beginning stage of how it all begins, before getting on the table. “The Center for Disease Control estimated that each year roughly 1 in 6 Americans get sick from foodborne diseases” (CDC, 2016). There are many types of food-borne illnesses, but the one thing that they all have in common is that it can affect animals and humans badly. It mentioned in the documentary, that sometimes companies are aware of this happening, but most of the time, it will go ignored unless brought to attention. In the film, it explained that there are 13 slaughterhouses in the US, meaning thousands of different cattle are being grounded up into patties. Food-borne illness should not be occurring, sadly they are, and the numbers are always increasing.…

    • 578 Words
    • 3 Pages
    Good Essays
  • Good Essays

    Charcuterie

    • 678 Words
    • 3 Pages

    In the late 1400 's and the early 1500 's, food related illnesses and diseases became an epidemic in France. The French government had to maintain a strict separation between fisheries, slaughterhouses, butchers, and charcuteries to avoid cross contamination (Smith, 2012). The decision of separation made by the government made the charcutiers very upset because the regulations kept the slaughtering of animals and fish away from meat markets and the charcutiers had to depend on the suppliers for product.…

    • 678 Words
    • 3 Pages
    Good Essays
  • Best Essays

    Brasil Foods Case Study

    • 3467 Words
    • 14 Pages

    This assignment is about Brasil Foods, the largest Brazilian producer of meat and dairy. Today it has leading position in almost all its domestic sectors and strengthening its presence on the global market due to its potential. The globalization provides company many opportunities. First of all, it allows company to expand its market. Secondly, it is expected to raise the importance of country during the food crisis. Brazil with its rich resources is expected to be the largest supplier to the countries as China and India where the shortage of food will occur. In such circumstances, Brasil Foods, as the largest domestic producer, has all chances to become one of the largest producers in the world. Currently, company is considered as the largest world exporter of poultry and has much more growth. It is important for success of company to develop the effective and competitive strategic plan of entering to the new markets and to find the solution on how to decrease the risks.…

    • 3467 Words
    • 14 Pages
    Best Essays
  • Good Essays

    and food. The dormant spores of Anthrax can live in soil and animal products, such as hides…

    • 438 Words
    • 2 Pages
    Good Essays
  • Good Essays

    Essay On Mad Cow Disease

    • 911 Words
    • 4 Pages

    Since its emergence in the United Kingdom, Mad Cow disease has been recorded in 25 countries, including Canada. Predictably, beef consumption falls by up to 50% after the discovery before recovering in the following months. The consumer response to the discovery is disproportionate to the probability of becoming infected, meaning that BSE is more of an economic problem than a medical one. While Scrapie has never been transmitted to humans, BSE has made the jump to humans as a variant of Creutzfeldt-Jakob disease. Evidently, the barriers from cattle to humans are less than the barriers between sheep and…

    • 911 Words
    • 4 Pages
    Good Essays
  • Good Essays

    During the 1970’s, the top five meat packing companies controlled only about a quarter of the meat packing industry and thousands of slaughterhouses produced most of the meat being sold. Today, there are only four meat packers that control over eighty percent of the market, and most of the meat being sold in our stores is produced by only 13 slaughterhouses (Kenner). Most of the plant and animal products that are available for us to buy in grocery stores haven’t been raised on farms; they have been produced by factories. Many of these factories are not unlike the Smithfield Hog Processing Plant, where 32,000 hogs are killed every single day (Kenner). Over the course of the last thirty to forty years, we have seen countless companies be bought…

    • 2170 Words
    • 9 Pages
    Good Essays
  • Better Essays

    Anthrax Essay

    • 1008 Words
    • 5 Pages

    The anthrax infection caused by inhalation through the lungs initially causes cold or flu-like symptoms, followed by severe respiratory problems. It is the most deadly form of the disease with almost 100% mortality rate if treatment is not started before the onset of symptoms. A…

    • 1008 Words
    • 5 Pages
    Better Essays
  • Good Essays

    Small Pox

    • 1116 Words
    • 5 Pages

    A few of the organizations consisted of medical centers and research, government, military, public health, and emergency management institutions and agencies developed consensus-based recommendations for measures to be taken by medical and public health professionals following the use of smallpox as a biological weapon on civilian populations (Inglesby TV, Henderson DA, Bartlett JC, et al. Journal of the American Medical Association, June 9, 1999; vol. 281, no. 22: 2127-2137). During this time these personnel came up with 5 major recommendations for professional personnel to do in case of an outbreak or biochemical warfare, these five situations to do are: (1) immediately give the small pox vaccination to the infected person (2) therapy, (3) the use of post exposure isolation and infection control need to be used also along with home care. The fourth order was for personnel to perform decontamination control, hospital epidemiology, and decontamination of the environment, (5) and one of the most important portions of this medical help is the use of additional research to combat this very dangerous. Smallpox is a DNA virus, a member of the genus orthopoxvirus. There are two epidemiologically distinct types of variola—major and minor—based largely on mortality rates (Inglesby TV, Henderson DA, Bartlett JC, et al. Journal of the American…

    • 1116 Words
    • 5 Pages
    Good Essays
  • Powerful Essays

    * James M. Hughes and Julie L. Gerberding. (October 2002 ). Centers for Disease Control and Prevention. In Anthrax Bioterrorism: Lessons Learned and Future Directions. Retrieved October 5, 2011, from http://wwwnc.cdc.gov/eid/article/8/10/02-0466_article.htm.…

    • 1841 Words
    • 8 Pages
    Powerful Essays
  • Good Essays

    This practice is a convenient way for farmers to create more meat while using less feed in turn becoming a more cost-effective practice. The meat and poultry production industry argues, that there is no harm in this. However they hardly provide any evidence, making it seem like they are giving their opinion rather than caring about facts, even going as far as to fearmonger and convince readers that without antibiotics it will be impossible to meet America’s food needs. Considering the purpose of the article is to get readers to sign a petition this text has been written to safeguard the financial interests of livestock producers.…

    • 333 Words
    • 2 Pages
    Good Essays

Related Topics