Which take time to implement v market self-regulation itself


Problem

Looking through the different responses you will find there are both pro's and cons to government regulation. One side of the discussion is that by putting in more regulations that it is difficult to fit all the business scenarios into specific regulations. Whether its market research of a give population or sales practices from the seller to the buyer. There is the concept that government regulations are redundant since the free market is self-regulating. Meaning, that if companies act in a unethical manner, the market itself will self-regulate by putting this company out of business. Is there more incentive for an organization to respond to government regulations which take time to implement versus the market self-regulation itself? What do you think regulation?

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Operation Management: Which take time to implement v market self-regulation itself
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