Businesses face varying regulations depending on government policies.
However
, Linking Words
while
certain companies go beyond to mitigate their negative impact, many efforts appear inadequate, prompting calls for stricter measures. Others argue that excessive control could slow economic progress and disrupt market stability. I am of the opinion that regulation is necessary to ensure accountability, yet it should not come at the cost of commercial success.
One advantage of minimal regulation is that it gives businesses more flexibility to respond to market shifts efficiently. Linking Words
Although
industry giants must keep adjusting Linking Words
due to
these conditions, over-monitoring can aggravate Linking Words
this
process. A well-known example is Apple, which has benefited from outsourcing production to countries with more lenient labour laws. Linking Words
As a result
, the company has been able to reduce costs and focus on technological advancements. The fewer barriers, the faster businesses can develop and improve their products. Linking Words
Nonetheless
, Apple has Linking Words
also
drawn criticism for poor working conditions in its supply chain.
At the same time, the disadvantages of weak oversight are more significant because specific corporations take advantage of policies prioritising profit over responsibility. Linking Words
For instance
, Shell has been involved in several environmental scandals Linking Words
due to
a lack of proper regulations. Linking Words
Moreover
, in 2024, the company sued Greenpeace UK after activists protested against its actions. Linking Words
Consequently
, large corporations may attempt to silence criticism Linking Words
instead
of addressing ecological concerns and other issues. Linking Words
Therefore
, companies are unlikely to change their behaviour without stronger oversight unless financial penalties force them to.
In conclusion, though scepticism about whether regulation should limit corporate development is understandable, I believe a degree of control is necessary to protect public interests and the environment. That being said, governance should not be so rigid that it discourages economic growth, and finding a middle ground between accountability and competition is the best strategy.Linking Words
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