Exercise Assignment

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The need for sport and exercise Assignment

Q5) A positive externality is an unintended spill over effect from a positive activity to a third party resulting from a transaction which they had no direct involvement. We see reference to positive externalities in the extract as they generate a positive externality from a fitter and healthier population.

Q6) My first significant point of comparison is that ‘family’ sports such as walking, swimming and snooker etc. have the highest numbers of figures. However activities that are not beneficial for the family to take part in, have the lowest figures such as weight training which you can only properly do at a certain age and the likes of bowls and badminton. Any age and gender can do walking however hence why walking has the overall highest figures for both men and women. My second significant point of comparison is the highest and the lowest overall figures on the table. The highest figure is the walking activity, the reason for this being that anyone can take part in walking and it requires no money unless you want to get specialised walking equipment. Walking costs no money at all and allows you to explore literally anywhere you want. Males and females can take part in walking as well; this is why there is only a 2 person difference between men and women. The lowest figures are joint between badminton and bowls. The reason for this being that these activities require equipment to play whereas walking for instance, does not require anything and any cost.
S2
S2
S1
S1

Q7)
Price
Price

D1
D1

Quantity
Quantity

The term Demand describes a consumer's desire and willingness to pay a price for a specific good or service. Holding all other factors constant, the price of a good or service increases as its demand increases and vice versa. The term Supply describes the total amount of a specific good or…...

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