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Created with Fabric.js 1.4.5 Loss of territories - productive land,industries and raw resources In 2010, the two largest cigarette manufacturers in the country, Fortune DRUGS DAILY DECEMBER 4, 2014 NO.1 NEWSPAPER FOR DRUGS VOL. 1 Did you know... Nicotine makes an impact to the economy Tobacco Corporation (FTC) and Philip Morris Philippines Manufacturing Incorporated (PMI) formed a joint venture, creating a near monopoly on cigarette manufacturing. After World War II, over 2,500 tons of nicotine insecticide (waste from the tobacco industry) was used worldwide, but by the 1980s the use of nicotine insecticide had declined below 200 tons. This was due to the availability of other insecticides that are cheaper and less harmful to mammals. After World War II, over 2,500 tons of What is nicotine? Nicotine's Economic Impact Sleeping pills, starting to get rampant all over the world p. 6 p. 3 p. 5 Caffeine's effects to the body: Is it good? Narcotics, being tested in BFADfor new findings 2nd Most Intaken Drug Nicotine is probably the worlds second most used drug after caffeine.About 1.3 billion people worldwide are smokers, and the rate is not declining. People continue to use this drug despite its effects. The Philippines is one of the largest consumers of tobacco in the Western Pacific Region. Nearly 30% of adult Filipinos use some form of tobacco product, with 27.9% smoking manufactured cigarettes and 22.5% reporting daily smoking. About 19 million adults consume tobacco in the Philippines. Demand in the Philippines Price Elasticity of Demand -- Likely Inelastic Nicotine dependence is characterized by continued use despite many consequences, implying that addicted individuals pay a high price for their use. In behavioral economic terms, such persistent consumption despite increased costs can be conceptualized as inelastic demand. One of the primary barriers to reducing nicotine levels is the belief that individuals who continue to smoke will smoke more cigarettes in an effort to extract the same nicotine levels. The chemical formula for nicotine is C10H14N2, with a molecular mass of 162.23. It is the prototypical agonist at nicotinic cholinergic receptors, where it dramatically stimulates neurons and ultimately blocks synaptic transmission. Nicotine is an alkaloid found in the nightshade family of plants (Solanaceae), most importantly in tobacco. It can also be found in lower quantities in tomato, potato, eggplant, green pepper, and coca plant leaves. The primary commercial source of nicotine is by extraction from the dried leaves of tobacco plant (Nicotinia tabaum and N. rustica).
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