In economics, a demerit good is a good or service whose consumption is considered harmful to the consumer and society. Demerit goods are typically addictive or harmful in some way, such as alcohol, cigarettes, and drugs. They are called demerit because they tend to have negative externalities ...
Definition of Demerit DemeritDemerit De*mer"it, v. i. To deserve praise or blame. Meaning of Demerit from wikipedia - Look up demerit in Wiktionary, the free dictionary. Demerit may refer to: Demerit good, in economics Demerit point, awarded for driving infractions in...- Jay Michael DeMe...