Asigment

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Pre-written Papers:

Title: Asigment

Essay Details:

Subject: Social Issues

Author: Liberty M

Date: February 16, 2012

Level: University

Grade: A

Length: 2 / 311

Essay text:

I have to disagree with both of the previous answers. I agree that a free market system seems to work the best. However, it is imparative that you have some regulation to keep those few companies that will not deal in good faith from eliminating the ethical competition. It is not true that the oil industry has had none or very little regulation. The levels of regulation on this industry have changed very little in the last 10 years. It is true that demand for products has increased exponetially and the supply has not. In short, regulation is always a ballancing act. You want to have enough to ensure that all of the players compete in a fair way, but you must make sure that it doesn't stifle competition or inovation...

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