1. Read paragraph below and write a 300 word response to the article. You should elaborate and talk more about the points written and what they mean to you etc.. This response should be an extension of the information provided and factually accurate.

The society in which we live is ever changing. The demands and wants of humans is overwhelming.to meet the demands of people, suppliers created markets. Markets have been designed to boost efficiency rather than equity. Markets must be placed under certain regulations to properly operate. In an unfettered market, there is no interference of the operations taking place. An unfettered market is also known as an unregulated labor market. An unfettered market is a market where freedom and flexibility to make necessary changes has no one regulating them. To increase the effectiveness of markets, company unions are created. Regulations is put in place for a variety of reasons. Regulations are put in place to help the public or aid special interest groups. The labor market incorporate regulations to prevent markets from operated freely. The operations of a market can be affected by any government intervention. Government intervention can have positive and negative effects on the unfettered market. The government intervention may make things worse that what generally happens in an unfettered market. Government intervention can impose strict regulations. The new regulations can make it harder for the market to earn wages or produce and sell their products or services. It can also cause market distortion. Distortion in the marker occurs when prices are determined by others. Government intervention can affect the ability of the market to make necessary changes to increase revenue. The government will preset prices for services that may not allow for the market to receive higher profits.