Comparative Analysis of Government Regulation

Read the following excerpts that discuss the role of government in economic regulation:

Excerpt 1: Author A argues that government intervention is essential in regulating markets to prevent abuses and protect consumers. They emphasize the need for regulations to ensure fair competition and to mitigate the risks associated with monopolies.

Excerpt 2: Author B contends that extensive government intervention can stifle innovation and create inefficiencies in the economy. They believe that a free market leads to better outcomes by allowing competition to drive improvements and growth without bureaucratic interference.