...We have all seen the devastation a country endears when it is hit by a natural disaster, such as a hurricane, forest fire or even earthquakes. And when their lives are disrupted by disasters people will look to their government for assistance. It is the country’s economic system that often determines to what degree the government can provide its citizens with the needed goods and services following a natural disaster. To wonder which economic system is best suited for handling a crisis, we need to take a deeper look and see how these systems operate. First, let’s look at a Mixed Economy. In this type of system the government’s role is to help the economy prosper while at the same time protect its consumers. This protection often comes the form of financial assistance, however business are allowed, in fact they are encouraged to make a profit, even in the face of a disaster. This ensures an adequate supply of essential goods and services while preserving the profit motive. Then there is Free-Market Economy. In a free-market economic system, prices distribute resources in an efficient manner according to the law of supply and demand. In the event of a natural disaster, prices of water, food and shelter rise to accommodate the increased demand for those items. Individuals who can afford the higher prices buy the goods and services provided, unfortunately there are many people who may not be able to afford them, thus suffering for lack of goods...
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...Economic System Suited For Crisis Pamela Falconer DeVry University Amber More 03-07-2014 Which Economic System is Best Suited For Handling Best Crisis of Epic Proportions A natural disaster consist of Fire trucks, Helicopters, Police, Ambulances, Doctors , Nurses, and then all the Arm Forces they are the first to arrive to the sceen when there is a nation wide crisis. There are different divisions that has responsibility such as Fema and the government , that is considered in a strong disaster situation cause of the infrastructure of the economy, that means that the government would focuss on rebuilding and asking different inestor’s to invest in a private sector meaning that the government would take care of the people that’s handling the crisis put them up in hotels so they would be closer to the people that’s in need. The government would also have a positive effect and would introduce different ways of lending money such as low interest loans, grants that would help private sectors to get on with their main concerns. . . Socialism is built on a ideal if equality. In a society the government /people take care of the poor. Socialism believes in providing free healthcare and olther programs to take care people and vesting ownship and control of the means of the productions. The government would already likely to be responsible for the needs of those in need. It also states in the book that workers get longer...
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...-Which economic system is best suited for handling a crisis of epic proportions (hurricane, flood, blizzard, forest fire, etc.)? Why? (9 points) I would believe that the socialism system may be the best suited government for handling natural disasters/crisis. The socialist system can help a country concentrate efforts and resources on major tasks. Such as in Cuba when it had fluky weather and it snowed throughout the Soviet Union, the socialist system created central heating stations. Those heating stations helped to keep the community warm inside of their homes. The socialist didn’t just help Cuba but also China when they had that earthquake disaster. http://www.workers.org/2011/world/natural_disasters_0113/ -Describe and explain why a socialist system might be the best in responding to the needs of people struck by an emergency situation like the earthquake that occurred in Haiti in January 2010. (9 points) A socialist system helps a country concentrate efforts and resources on major tasks. The socialist believe in medical equality which means insurance or healthcare for just about everyone including the people who are unemployed. The great thing about being socialist are that they are a non-profit government along with less moving parts rather than more government forms. Likely at the end of the day since it’s less of them the disasters are taken care of quicker. China is a great example of a socialist government who dealt with the earthquake disaster. Situations went...
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...Base on the National Incidence Management System, Emergency crews, mainly because they usually are first on the scene to help people out. As far as the economic systems best suited to handling the crisis, I would definitely have said either the socialist or communist. They make all the decisions, so they’d be best prepared for the situations. Socialism systems are handling emergency situations because government takes care of paying the people who work there so everyone can focus on helping the people in need. Socialism in its perfect form seems to be the best economic system because it teaches people how to share things with your neighbor and to help out on the time of need. (2008, January 1). 2008 ECONOMIC CRISIS. WikiAnswers. Retrieved July 14, 2014, from http://wiki.answers.com The only advantage is that socialist system has a division of labor. Haiti might have been able to distribute the work that was needed to rebuild the country amongst its residents equally, therefore hypothetically increasing the speed of recovery. Base on this system the education, health care, and child care is already free. The government would already be most likely responsible and/or prepared to serve the needs of those in need. It also states in the book that workers get longer vacations and work fewer hours per week, so the people available to help in cleanup disasters would be plentiful. [(Nickels, McHugh, & and McHugh, 2010)] 3. When disasters hit an area, the cost of everything seems...
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...The economic system that is best suited for handling a crisis of epic proportions, and tragic aftermaths would be I believe a Socialism system. The reasoning I have behind this system is that a socialist system has emergency management systems in place as quickly as the disaster happen. Take FEMA and The Red Cross for examples these companies have quickly taken charge and set up areas in disaster locations to distribute medical needs, food, water, and many other necessities as needed. These groups also establish areas of shelter and safety for many people who otherwise have no other place to be. If our system wasn’t a socialism system then would we have all of the resources available to us as needed? The emergency responders are all paid by the government, which I believe has a lot to do with how much help is truly available when needed. If we didn’t have the economic system in place that we have would these individuals be willing to risk everything to help in a disaster area? Would we have the resources available to offer the necessities that people in the disaster need? I don’t believe so, that is why I believe the socialism system is the best in this case. I think the socialist system would be the best for emergency circumstances much like the earthquake of Haiti in 2010. Here again we have the government that sends out the help of FEMA so that the individuals affected in Haiti have a way to gain access to the everyday necessities of food, water. Etc. There are multiple...
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...Business 115 Which economic system is best suited for handling a crisis of epic proportions (hurricane, flood, blizzard, forest fire, etc.)? Why? As far as handling a crisis, I would have to say that the socialist economic system would be the best. Since the Government makes all of the decision, the socialist economic system would probably be best prepared for the situation. “Socialist economy is a system of production where goods and services are produced directly for use, in contrast to a capitalist economic system, where goods and services are produced to generate profit.” (2013) In any kind of crisis, the socialism system would best support the situation. The government would step in and help society out in a situation like this. “Socialism teaches people to help others during the time of crisis. Being a not for profit organization means that everyone doing what they are supposed to and looking after injured people’s best interest.” (2013) Describe and explain why a socialist system might be the best in responding to the needs of people struck by an emergency situation like the earthquake that occurred in Haiti in January 2010 Health care, child care, and education are free in a socialist system. “The government would already be most likely responsible and/or prepared to serve the needs of those in need. It also states in the book that workers get longer vacations and work fewer hours per week, so the people available to help in cleanup disasters would be plentiful....
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...Homework - Week 1 Intro to Business & Technology Which economic system is best suited for handling a crisis of epic proportions (hurricane, flood, blizzard, forest fire, etc.)? Why? Natural disasters cannot be predicted. Americans, as well as people in communities worldwide, are not prepared for these types of situations. The economic system is best able to cope and recover in the event of these types of natural disasters. The free market system is the most able because it involves a sector owning most resources. This leaves the government’s main function as facilitating and aiding economic activity. The government is focused on rebuilding investment in the private sectors. For example, the government would introduce ways of lending money, such as grants and low interest loans, which would help low sector get on with their main concerns. Their main motivation would be profit, which would be greatly aid regeneration. In 2011, a tornado tore through Joplin, MO. Economics Professor Dan Smith researched the effects of economic freedom on disaster relief surrounding the aftermath. He wrote in the News Tribune: “In contrast to other recoveries in which federal and state governments orchestrate recovery, policymakers allowed the free market, voluntary sector to guide recovery in Joplin, demonstrating how effectively economic freedom can help communities rebuild after a natural disaster.” (Smith, 2012). As one of our discussion topics this week was based on Wal-mart...
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...The economic system that is best suited for handling a crises of epic proportion would be the socialism system. The reasoning for this is because our Government is part of the socialism system. Our government always plays a big role in disasters. They are the ones that are able to approve assistance and approve what king of funding families get. Whenever an epic crisis happens or strikes these people are ready and prepared for it. By using the socialism system there would be no red tape to go through because you will be dealing with the government and middle man. In this case wiping out the middle man and politics that a state may have to go through is eliminated. The state would already be dealing with the government and after analyzing the damage and estimating how much the state may need in funding they can go right to the source. The Government also has the ability to speak right with the President of the United States and he is able to declare it a state of federal disaster. When this decision is made it is then easier to know which funding to ask for. In an emergency situation a socialist system would be the best to respond. The needs of the people will be met and everyone will get assistance no matter what. With help from the government the departments get the help that they need to take care of natural disasters. They are able to provide the services that are necessary. This system has quotas and this is a benefit to them. When the earthquake hit, it...
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...Will Davis July 13, 2014 Week 1 Homework Assignment Which economic system is best suited for handling a crisis of epic proportions (hurricane, flood, blizzard, forest fire, etc.)? Why? NIMS (National Incidence Management System) also known as FEMA. When there is a natural disaster, emergency crews (fire department, ambulance, police etc.) is usually the first help on the scene to help people out. Socialism system offers the best solution for handling emergency situations because the government takes care of paying the people who work there so everyone can focus on helping the people in need. Being a not for profit organization means that everyone doing what they are supposed to and looking after injured people's best interest. Socialism in its perfect form (which rarely ever happens) seems to be the best economic system because it teaches people how to share things with your neighbor and to help out on the time of need. Describe and explain why a socialist system might be the best in responding to the needs of people struck by an emergency situation like the earthquake that occurred in Haiti in January 2010. A socialist society is more likely to have immediate and controlled impact on an emergency situation like the ones suffered in recent years throughout the world. Socialist societies are base in the good of the nation and the human needs of the people making them more efficient in regrouping and reorganizing their efforts. In these societies, each person has a role...
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...Which economic system is best suited for handling a crisis of epic proportions (hurricane, flood, blizzard, forest fire, etc.)? Why? When there is a natural disaster, crisis crews such as fire departments, ambulances, police and etc. are usually the primary help to be first on sight to help the general public. The Socialism system seems to offer the best resolution for controlling emergency situations. The administration takes care of compensating the individuals who work there so each person can concentrate on assisting the individuals that are in need of aid. With organizations like the Red Cross being a not for profit organization means that each person is doing what they are supposed to do by seeing after each injured individual’s best interest. Socialism, in its perfect form, would be the best economic system to assist people because it demonstrates to people how to come together during this time of crisis and assist each other in this time of great need. Being familiar with what could happen in your area, the possible hazards that could affect the area in the aftermath and the knowledge of what to do to protect yourself and your family can help you take effective steps to prepare beforehand and aid recovery after the event. To validate why socialism is a better choice, we should look at what is socialism. Socialism is an economic structure based on the proposition that some, if not most, rudimentary businesses such as coal mines and utilities, should be retained...
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...The economic system that is best suited for handling a crisis of epic proportions (hurricane, flood, blizzard, forest fire, etc.) is the socialism system. “With a fairly high degree of government planning and some government ownership of capital resources.” (Bovee 29). The government is a major part in the socialism system as the government would be the one to distribute resources to the people that make sure everyone will be able to get assistance. Therefore, when a crisis strikes, people are prepared to act on it. In an emergency situation, like the earthquake in Haiti in January 2010, a socialist system would be the best in responding to the needs of people stuck by it because in a socialist system, everyone gets assistance no matter what. With help from the government, the departments who help with natural disasters are able to provide services when necessary. The socialist system has a division of labor and quotas which is given to them; therefore to them that is a big benefit. After the earthquake hit Haiti in January 2010, it was able to give out needed resources to the citizens equally, in order to rebuild the country. In a socialist system, everyone who is affected is given the same treatment during an emergency. Which includes shelter, food and if unable to afford services they are given financial help. These ways, allow the socialism system to respond and control the situation more quick and efficiently than other systems. These Non-profit organizations are also able...
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...which will represent the residents of New Orleans, the residents of the surrounding floods plains, the Mayor of New Orleans, and the federal government represented by FEMA (Federal Emergency Management Agency) and the taxpayers. We will look at scenario models, risk management, and decision trees to support our decisions and analysis. This natural disaster took an enormous toll on the residents of New Orleans. Over 1200 lives were lost and countless injuries were suffered. The loss of revenue from the shutdown of businesses, loss of homes and possessions of residents caused much pain and human suffering. We will conclude with an executive summary which will summarize our decision for or against rebuilding of New Orleans. Prior to the hurricane New Orleans was a tourism magnet. The city offered many restaurants, festivals, and great weather. These positives made tourism a thriving market. Other boons for the economy of New Orleans were the mining, transportation, and warehousing along its waterways. More products came through this port than any other port in the world. There are many colleges in the area than add to the economic bottom line of the city. Many things added to the beauty of the city. The diverse culturalism with many nationalities represented including the French, Spanish, Germans, Haitians, and other afro-American and Caribbean people made New Orleans a melting pot for many things. Jazz, Blues, Creole cooking and Gumbo are part of the history of New...
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...Mitchell Hessler 5/8/12 The Social-Economic, Political, and Environmental Impacts of Unregulated Population Growth Ladies and gentlemen of the Senate Select Committee on Intelligence, mankind is well on its way to answering a seldom asked yet vitally important question pertaining to its sustainability. "How many people can inhabit this planet sustainably?" This is a question that should have been looked into decades ago, yet the answer is still unclear. With no regards to what the answer may be mankind persists in rapidly escalating its population as if the worlds sustainable population capacity is limitless. With the numerous problems that currently plague mankind, overpopulation is perhaps the most threatening and overlooked issue. If current population trends continue there will undoubtedly be terrible repercussion to face in the future. Problems arising from overpopulation will eventually have a grim impact on the socio-economic systems and political systems of the world along with the environment as a whole, the worst of which could lead to the annihilation of the human race. This is why population growth should be a global concern that should be recognized, examined, and dealt with immediately. To understand the impacts of overpopulation one must first understand the concept of overpopulation. Overpopulation is a state wherein the population density of an area has grown large enough to exceed what would be the natural sustainable inhabitant capacity of that area...
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... 9. Risks 25 10. Financial Plan 28 Bibliography 29 Figure 1. Exposure of the population to natural disasters 4 Figure 2. Lean canvas 8 Figure 3. Manually operated briquetting machine 11 Figure 4. Crushing option 12 0. Business plan summary This section should briefly present the main ideas of the following sections and thus should resemble an elevator speech. Accordingly, it has to be written last, after all the details of the business have been established. Length of section: 0.5-1 page 1. The social problem and the opportunity Most of the time Romania ranks last in sectors like education, health and sustainable development among European countries. But when it comes to antagonistic areas, the situation changes abruptly: Romania occupying the fourth place among the European countries threatened by natural disasters like drought, floods and landslide. In 2012 Institute for Environment and Human Security of the UN launched the World Risk Report which focused on environmental degradation and disasters. According to the study, Romania features an average risk. The report underlined the following aspect: “The risk a country runs of becoming a victim depends crucially on social, economic and institutional factors – in a nutshell, the condition of society within that country.” (Mucke, 2012) Figure 1. Exposure of the population to natural disasters Source: (Mucke, 2012) Romania ranks 82 out of 173 in the ranking of the institute, where No. 1 presents...
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...Pandemic Emergency Plan Name Course Professor Date Overview of Pandemic Emergency plan The Pandemic Emergency Plan is one of the 2015-2016 bills (code CMS–3178–P) addressing the campus preparedness actions and the responses designed to maximizing pandemic impact on operations within the Campus environs, students, and the employees (Dietz, 2012). The plan design is with intents of reading, understanding and exercising in response to threats and occurrences of a pandemic or just any other outbreak that may become a global epidemic. Pandemic means a widespread outbreak of communicable ailments, passing as multiple waves of illness in human population globally (Fagel, 2013). It is also illness with impact to the smaller geographical region. In the case of occurrence of a pandemic, then it shall have higher education among industries that are severely affected due to risks resultants from open and campus accessible and traveling by faculties, students, as well as the staff (PHS COF, 2014). The impacts may include lengthy closure periods of the learning institutions, unprecedented demands on students counseling and heath related services, evacuation and relocation of the students in the residence halls and significant revenue losses. In the case of a pandemic, the greatest challenges experienced in the university include the following: 1. Maintenance of students' progress to degree and research on faculties while in compliance with orders to campus closure. 2. Managing staff, faculty...
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