Busn 115

BUSN 115

Week One Homework

I believe the command economy would be the best choice in dealing with a crisis. In a Command economy raw materials and goods are controlled by a central form of authority or a government body. The government body controls the raw materials dictating different prices they feel to be just. The thought in a command economy is that it is better to have the nation's government control the market instead of the people who would be only interested in personnel gain. If a crisis were to occur the command economy would be the fastest to respond to the threat. Since the government has controlling power over the goods any resource needed to fix the problem could be easily moved. With other economies it might take a while to get the necessary resources from the...