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Which economic system is the best solution to handling a crisis of epic proportion?
Wiki User
∙ 12y ago
NIMS (National Incidence Managment 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 it's 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.
Wiki User
∙ 12y ago
Wiki User
∙ 12y agoWhen 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 it's 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.
Wiki User
∙ 9y agoIt is considered that Socialism may be the best suited government for handling natural disasters. This is due in part to the non-profit way the government is run; it also have fewer moving parts than other forms of government, meaning clean up and rescue may happen quicker.
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What is a economic crisis?
Economic crisis is wherein there is negative GDP growth lasting for two or more quarters. It is severe recession or depression.
What do you mean by global economic crisis?
in July 2006
Have the latest economic crisis affected Disneyland California?
Yes
What is economic meltdown in relation to global economic crises?
A crisis is a dangerous situation, whereas a meltdown (by analogy to a nuclear reactor) is a complete collapse. A crisis, if not handled correctly, can result in a meltdown.
What event in 1991 led to an economic crisis in Cuba?
The collapse of the Soviet Union led to the economic crisis of 1991 in Cuba. This was due to the close ties between Cuba and the Soviet Union.
Is high education the solution to economic crisis?
Personally, yes education is the solution to economic crisis.
How was Hitler's handling of the economic crisis?
Very bad
Why was Estates-General reconvened?
To find a solution to the French economic crisis.
How have you demonstrated handling a crisis?
what is john mccain plan for handling the foreclosure crisis in america?
President carter'a popularity rapidly declined due to his handling of witch nation?
The United States. If you meant which National Crisis its hard to say, he created so many of them from the Iranian Hostage Crisis to the Economic Crisis.
What are the solution of crisis?
good governance is the solution of all crisis
Do you agree that we are now in the economic and financial crisis?
Yes I do believe we are in a economic crisis
Is Ireland having a crisis?
yes! economic crisis
When will the crisis over?
You have to be more specific when you are talking about "crisis". Do you mean the economic crisis?
What is the difference between a financial crisis and an economic crisis and which of both affects the other most?
A financial crisis is when wall street and the banks are failing. An economic crisis is when there is high unemployment or a recession.
Is printing money a solution for the crisis?
Not really, because then the money becomes worthless. For example, when Russia was struck by economic crisis after WW 1, it was actually more cost effective to burn their money than to pay for wood.
Does credit have anything to do with economic crisis?
The economic crisis has severely affected the availability of credit. It is also termed as the credit crunch.
