Soclialism And Natural Disasters Essay

734 words - 3 pages

Socialist System in and Natural Disaster Situation
Kimberly Bennett
DeVry University: Intro to Business and Tech 60715

    The essay will be discussing why the socialist system is the best economic system to respond in the event of a natural disaster. Natural disasters with epic proportions such as hurricane, flood, blizzard, forest fire, etc. it will explain how it is the best system to assist with individuals after the disaster and how to deal with the aftermath of the crisis. Finally it will explain how the laws of supply and demand increase the cost to heat our homes and businesses in the winter.
Socialism is an economic system that is better described as social ownership. ...view middle of the document...

Its stated that this success happened due to they mobilized the entire country to help the crisis area, pulling the whole country together to help things get done faster, easier, and more successful.
When a natural disaster happens emergency crews are the ones to respond to help the “community”. The socialist economic system is what pays the emergency responders and therefore is another reason why it is considered a better economic system for natural disasters. The socialist system is the best system in time of emergency and disaster, it is quoted as “teaching people how to share things with your neighbor and to help out in time of need.” The Capitalism economic system is definded as, an economic system in which investments in the ownership of the means of production, distribution, and exchange of wealth is made and maintained chiefly by private individuals or corporations, especially as contrasted to cooperatively or state-owned means of wealth. (Dictionary.com, n.d.)
Supply and demand is defined as “quantity of a good supplied (i.e., the amount owners or producers offer for sale) rises as the market price rises, and falls as the price falls.” There are 4 ways to describe...

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