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:
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: