this is CVS2012. I got your help in these two days.

Paragraph 1
If there is no regulations for business, society and business will in a mess. Corporates will compete in an unfair environment. Every company can get success through bribing government officers. Also, some companies may launder the money. In order to prevent such situations, business needs regulations. There are many complex regulations in United States todays. It represents there are many ways to get success without fair competition. Therefore, under these rules, companies can grow up healthily.

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Externalities happens when one person affect another person’s well-being. Also the relevant costs and benefits will not reflect in the market price. There are two externalities. Positive Externality and Negative externality. Public Good is a product that one person can consume without decreasing its availability to another individual and from which no one is excluded. Market failure includes public goods and externalities.