Critical Response: Why Competition Is Good for People? Essay

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Name Nguyen Hong Nhung

Class: H61111B

Student code: L9917997

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Why competition is good for everybody.

The content by Dr Yi Min Tsai shows the benefits of totally free trade to Australia. Total, most of her arguments are convincing. Yet , she has some unpersuasive ideas that the control leads to diversifying choices with lower price, creating chances to local makers and perceiving new skills. First of all, the author shows an unconvincing idea that free of charge trade agreements lead to a wider selection of choices and a decrease in price of goods. Dr Tsai makes a great oversimplification once she omits the negative impact in the issue. The reality is that foreign companies take advantage of the trade; they can become greater and beat domestic companies. And, as a consequence, a domination of these firms results in higher prices and a limited selection of product. The other unimpressive point of Dr Tsai is that free of charge trade agreement can available the door of opportunities intended for local firms sell all their commodity almost all globally. There is also a lack of current evidence to aid her argument. She will need to add some even more clear answers and good examples or figures to demonstrate that profits of local businesses increase or perhaps free operate agreements induce the growth of the Australian overall economy. Finally, the author exaggerates the benefit of the transaction when she claims that it encourages impressive thinking concepts and a development of new skills. Obviously, if most people lose their primary income, they may have lower living standard and lose the financial value to study new skills. In conclusion, the writer fails to be familiar with effects of free of charge trade such as widening a number of products with equal prices, getting a plenty of potential and inter national clients and assisting creative thinking.



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