Economics
Handling an epic crisis requires a swift response and a high level of organization and efficiency. It also requires the ability to meet the needs of a large number of stakeholders, whose situations and needs might be quite diverse in nature. A capitalist economic system should have a fairly high level of efficiency, but that efficiency tends to develop over time -- you don't become Wal-Mart overnight. During Katrina, one of the first companies on the scene was FedEx, which used is high level of organization and efficiency to provide goods to the area (FedEx, 2005). The drawback to this system is that while it allows for altruism and community service, it is not oriented towards it. FedEx can deliver medical supplies but it cannot reunite families or repair damaged neighborhoods. While in theory there could be a private disaster-relief company that operates privately, in practice the payer is going to be government. And where government cannot pay -- Haiti for example - such a system would be hopeless. But in a country like Haiti where government is inept, a socialist or even Communist system would also be useless.
A more socialistic economic system...
Here's why: disaster relief tends to be a public good anyway. It is something that is typically socialized. Various branches of the military often make strong contributions, and disaster relief agencies are usually charged with things like coordination. Volunteer groups -- encouraged equally under capitalism and socialism -- are also major players in disaster relief. Further, there is nothing inherently inefficient about government-run services (i.e. The military). They are more directly oriented towards things like disaster relief, but again as a public good they are not going to be private companies anyway. The bottom line is that disaster relief is about good management, training, organization and responsiveness. This is something that can exist in any economic system. The question of payment is moot since government is always going to be the payer, even when disaster relief is done on a for-profit basis. If anything, the profit element in for-profit disaster relief represents the most significant inefficiency -- look to the skyrocketing costs of health insurance, the prison system or other forms of…
Supply/Demand The product being studied is the Prius, the hybrid car from Toyota. The automobile industry is one the largest industries in the world. The major players are Ford, General Motors, Chrysler, Honda, Mitsubishi, Hyundai, several European companies and regional players as well (Investopedia, 2011). These firms all contribute to intense competition among rivals, especially given the size of the industry. The result is an industry characterized by competition both along
Supply Demand Simulation Macro and Microeconomic Principles From the simulation, the two major microeconomic principles are supply and demand. The simulation majorly focuses on the supply and demand of rental properties in Atlantis. In addition, the influences on supply and demand form the major topic discussed in the simulation. The macroeconomic factors clearly stated in the simulation are changes in the population trend, choosing to rent or buy apartments and factors that
Price elasticity for this product was likely quite great, before the item was subsidized, as few consumers perceived it as a necessity. Only the costs of production limited the price elasticity, as the tanks are presumably not cheap to build. Of course, the government might protest that the product is a necessity, given the dire need for conservation, if Australia is to continue to have a sustainable source of
This means that the demand increase will produce an increase in supply at a controlled rate. d. How can you apply what you learned about the concepts of supply and demand from the simulation to your workplace? The simulation sheds particular light on the idea of adjusting pricing structure according to apparent market demand. This is useful to any workplace. In my case, the notion that large-scale external changes in the
Natural Gas Supply, Demand and Pricing Over the past 15 years there has been a significant transformation both in natural gas supply and natural gas consumption. Wellhead price deregulation has permitted natural gas prices to adjust freely to prevailing supply and demand conditions, and open-access transportation has allowed natural gas volumes to move freely from producers to consumers. As a result of industry restructuring, natural gas supply, demand, and prices are
Furthermore, it appeared that the consumption of alcoholic beverages among the youth increased throughout the three-year duration of the survey. In terms of the young females (in high school), the drinking path has been described as "an absolute disaster" (Fyfe, 2010). The primary explanation as to why alcopops became even more popular among the youth is given by the inability of the tax to impact the parents -- who in