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Soonvapor

What is better; A competitive market? Or a controlled market?

What are the pros and cons if you will?
Chemical engineer:

A competitive market is best for all. With more competition, comes :

1. Lower prices (as they compete to win people over)
2. Innovation or new techniques and ideas - to beat their competitors
3. Choice - with more companies, mean a wide variety or products to choose from. No having to depend on one source.

A controlled market isn't so good. the only benefit I can see here is standardization in protocols across the market (no confusing transcibing), and that's about it.

Sequoia:

A competitive market is always better as they can keep the prices down and it allows a competitive market which is a very good thing these days!

Albert:

The competitive market can be a controlled market, anyway, due to simple manipulation.

Ed:

Competition allocates scarce resources to their highest valued use. Controlled economies result in waste of scarce resources and increase in pollution.

Brian P. O'Gorman:

Competitive of course. Competition almost always results in better quality and prices.

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