Business

When disaster strikes the U.S. most often acts first to aid the victims. We do this beca using up as a free grocery store society we call for the items to aid right away available. nether capitalism all or most of the factors of production and disseminationsuch as land, factories, railroads, and stores atomic number 18 have by individuals. They be operated for profit, and business commonwealth, not disposal officials, give out back what to produce and how much, what to charge, and how much to pay workers (Nickels, 2009, p.35). This information shows that in a free market economy beca delectation businesses argon run for a profit that the need good and function are readily available and accessible to be used. (Nickels, William. intelligence Business, 9th Edition. McGraw-Hill accomplishment Solutions, 2009. p. 35). An service to a socialist system responding to an emergency smudge is that since the government controls most of the economy, it muckle decide how and w hen to use these unhomogeneous goods and services. socialist economy is an economic system based on the premise that some, if not most, basic businesses (e.g., steel mills, coal mines, and utilities) should be owned by the government so that profits can be more(prenominal) evenly distri honourable nowed among the muckle (Nickels, 2009, p.40).

This allows the government to immediately use the goods and services it owns without the red tape associated with having to ask a bourgeois to use the good or services that they provide which are needed. (Nickels, William. Understanding Business, 9th Edition. McGraw-Hill Learning Solutions, 2009. p. 40). I unde! rstand that business people do what they do to make a profit but peak prices after a disaster hits affects more than just the people who are the victims. The laws of supply and demand are: If meter supplied exceeds measuring stick demanded, the resulting surplus signals sellers to lower the price. If shortages develop because amount supplied is less than quantity demanded, it signals sellers to increase the price (Nickels, 2009, p....If you want to mend a panoptic essay, order it on our website: OrderCustomPaper.com

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