Saturday, October 02, 2010

Need for regulation

The government has the philosophy that consumers are best served by a free market and that there there is less need for regulation. The Competition Competition was set up to disallow associations from setting guidelines for prices. In practice, this approach has worked to the disadvantage of consumers, as they are exposed to malpractices of the providers. There is a need for better regulation and transparency,  while allowing prices to be set by guidelines that are determined by the market.

1 comment:

Unknown said...

i think the govt probably wanted to reduce its expenditure eg like health mean testing, longevity cpf, all these measures are to reduce govt burden and spending. by reducing regulation, less manpower and more savings but if you kena con, you die your business lor like minibond and pinacles notes.

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