Controversy Essay- Regulation on Uber
Added on 2020-01-28
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Controversy Essay
Controversy Essay PlanTopic“Should Uber Be Regulated?”INTRODUCTIONRegulation is the process of adapting any system into the set of rules and trends. Generalperceived notion about regulation is the intervention of Government in market through imposingpolicies and set of laws with the aim to protect consumers from exploitation and foster thegrowth and development in the sector (Cannon and Summers, 2014). In the present time whenthere are large number of innovative products and services are penetrating in market, the chancesof market failure increases. In that respect it is found imperative to regulate the advancements fortheir better use. In that context, an innovative business model has brought transition in thetransport system. In this model, consumers are allowed to request their ride through mobileapplication in their smart phones. It facilitates the consumers with the 24 hour available transportservice in accessible manner. The concept was pioneered by Uber and hence the trend was laterknown as “Uberification”. The car service Uber, of net worth $62.5 billion (2005) is providingits services in 404 cities around the globe.Along with immense acceptance and appreciation, the company was in controversy dueto many reasons such as unlicensed drivers, safety and security issues, threat to environment,market failure and non-compliance of legality of region (Cusumano, 2015). In that regard adebate was ignited with respect to the regulation and deregulation of Uber cabs. Differentopinions and perceptions were shared among people. In the present essay, different viewpointsare discussed about the regulation of Uber cab.Cars when you NeedIt is presented that it reduces the search costs for the consumers seeking a bettertransportation system. Such as in conventional modes of public transportation it is seen thetravellers are supposed to wait for long time and search a lot for the desired convenience but withthe introduction of Uber cabs it is found that there are large number of options available to thecustomers about the transport facility with the reach of small distances. In this the drive can bedemand from indoors and the progress of the order can be monitored in few clicks.To many Cars on Streets1
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