Define and explain why a socialist system

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Prepare a two page paper in APA style sixth edition format that defines, elucidates, addresses and answers the following questions or statements.

Which economic system is best suitable for handling a crisis of epic proportion (blizzard, hurricane, forest fire, flood and so forth)? Why?

Define and explain why a socialist system might be the best in responding to the needs of people struck by an emergency condition like the earthquake that occurred in Haiti in January 2010.

Use the laws of supply as well as demand to explain why the cost to heat our homes and businesses goes up in the winter time. Be sure to describe your answer fully.

Comprise APA style in-text citations as well as a reference section.

Reference no: EM1345239

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