"Markets"
Please respond to the following: * Analyze how markets work and make recommendations for or against any form of price control. Explain your rationale. * Make at least one recommendation concerning U.S. government regulation that would make the economy stronger.
The market has implements many strategies to control price. The one most think of though first is supply and demand. Supply is how much of something is available. Demand is how much of something people want. This is something that has been going on since the beginning of time. Whether business was accomplished by monetary exchange or customary trade, this process has been the same for years.
The argument that seems to be stirring now is whether government should be taking an active role to control the process. I know many would say no. While I partial area I see the other side of that decision. For instance controlled wage prices help do keep inflation in check. Some think that price control causes may cause a shortage in supply and therefore surplus. Though this may be true in some instances it is not true in all.
After doing some research I agree with regulations on price control. I think it is important that we help those who do not have the financial backing of others. No one person should be able to corner the market and take advantage of the buyer just because they do not have competition. That is why I think it is important to back and support price control with some prevision in place to protect the seller, consumer, and government.
One recommendation that I think should be in place to make the economy stronger is minimizing the number of jobs we outsource to other countries. We too often outsource to save money. Yes this may save money but it takes money from our own economy and hurt our own economic environment. We pay taxes to support the government and that covers health