No One Can Predict a Natural Disaster or World Crisis

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1. No one can predict a natural disaster or world crisis. When a hurricane or flood or a pandemic strikes a country, who is most likely to respond first? Which economic system is the best solution to handling a crisis of epic proportion? Irrespective of the type of disaster, people always expect the government to help them. Government can provide help to the needy ones depending upon their economic system. Usually when a natural disaster strikes, the emergency services are the first to respond. If the severity of the disaster is high the country seeks help from other countries too. Along with the government services, businesses are encouraged to make a profit even from a disaster. This kind of approach is usually observed in mixed economic system. Mixed economic system is considered to be the best kind of economic system where there is economic prosperity along with the consumer protection. The mixed economic system aims for the adequate supply of goods and services to the victims along with an intention of preserving the profit .In the free market economy system, since the whole concept is profit oriented, the supply of goods may not result in equal distribution among the needy ones as high cost may be a barrier for obtaining the goods or services. The communist economic system is not considered as best in times of natural disasters as the production and distribution of items is previously decided by the government which may create difficulty for the proper delivery of appropriate good and services to the victims .Hence in every aspect mixed economy system is considered as the best one for handling crisis of epic proportion. Retrieved on 03/ 2013 from http://www.ehow.com/info_8560977_economic-systems-respond-disasters.html#page=3. 2. What advantages might a socialist system have in responding to the needs of people struck by an emergency situation like the
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