BE Unit II Assessment 1 of 2

Government should have more control over the market Name Course Lecture Date It is the desire of every individual, to start a business and succeed to generate profit. This being the assumption of many people, they believe that free and competitive market should determine the success of a product or service. It is true to agree and that the free and competitive market determines the success of a product or the services provided, but this does not apply to every market and proper measures to regulate some markets are fundamental to safeguard individuals. Free market can be elaborated as a market composition in which the process of distributing and determining the cost of goods and services is just between the hierarchy of distributers and consumers without a third party in this case the ‘government`. Though many people in the market may wish to have no interference in their market by the government, the government on the other hard plays a vital role in some markets. For instance, the health insurance companies require government interference to make it favorable to every indiv...