The video for the week comes from a fellow who shared his life situation and how he turned "nothing into something" We can make the content that every entrepreneur essentially does the same. In a capitalist economy such as ours, we have new products come into the marketplace on a routine basis. That works for the consumer as they benefit from competing sellers which often results in high quality at a better price. The negatives are that it may give the consumer too many choices and as new things come into the marketplace. old items get ignored or pushed out all together.. When video recordings were coming about, the V\Beta company developed its Betamax machine. It was pretty much based on the Hollywood video camera recording machines with huge spools of tape on top to be looped through the machine to be played back. Sony decided that the format was too cumbersome and as a result, they created a product based on the audio cassette wherein the tape would be housed in a single unit that could be plugged into a machine for playback. The VHS system was enjoyed by the consumers more than the Beta system thus pushing Betanax out of the marketplace.

DISUSSION QUESTION:: As entrepreneurs create and bring new items/products to market, should there ever be a restriction on what is allowed to come to market other than regulated things such as air travel, prescription drugs. etc...Why? Why not? discuss in detail.