Question

Research an article on how the social influence of companies, such as Apple, Samsung or Amazon, are impacting consumer decisions. How should the government react to these changes in consumer demand; changing the laws or letting the competitive markets determine if a company's impact on the supply and ultimately demand for certain products should be allowed.

Answer 1

Ans. This is an era of Total Technological Revolution and companies like Apple , Samsung , Amazon etc are leading this global Revolution is a great manner. These companies have been able to break the traditional ways in which people communicate or get entertained. Every month , these companies are coming up with something new like : Smartwatch , AI devices , Voice Recognition etc etc . Amazon have disrupted the conventional brick and mortar stores and have been successful in delivering goods and services to People across globe with a very less cost than the outside stores. This have certainly helped the consumers in a very large way. Government must frame laws to regulate these industries so that every company would have a fair chance to entry and no one gets exploited , other than that , government must let the market forces determine the demand and supply of these products.

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