Cartoon Analysis Of Economic System

The cartoon is based on a home in which there is only one chop left and it is only the early bird that catches the worm. This also applies to countries that are mostly impacted by their businesses. The economic system being portrayed in this cartoon picture is the market system. There aren’t a lot of countries in the world using this economic system and the impact it had on these countries is that consumers want to buy more for less whereas businesses want to sell more for a high price that consumers can afford. This also has an impact on the delivery of social services if the required standards aren’t meet or are over exceeded.
A market economic system also known as a capitalist system is a system in which all the basic economic decisions are made by the businesses. The businesses decide what to make, how to make it and for whom to make it for depending on the
Social services are free services the government gives to its people so that they can benefit from it. Personally, I think that the market economic system is not the best for the delivery of social services because as competition gets tougher, businesses get stronger and this means that they will improve the quality of their services and their standards will be of a high record above the government given services. This then dismantles the efforts put by the government into social services because the services would seem much poorer and would also lack in the quality of the service. This will make everyone want to go to private services because they want nothing but the best for themselves whether it is a hospital or it is a school for their child in order to secure a bright future. People will go out of their way and do whatever means to be able to have nothing but the best quality services. With goods it is much more of quantity and not quality because they want