what are merits and demerits
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Merit and demerit goods involve making a value judgement that something is good or bad for you. Classification is not always straightforward. For example: Cannabis. Cannabis is widely considered a demerit good – it contributes to lung cancer and can lead to psychological problems, such as paranoia.
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A demerit is also a fault or weakness. If you're trying to decide which candidate to vote for, consider the merits and demerits of each. The other kind of demerit is a punishment — a negative mark against someone, especially a student or a member of the military's
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