Economic System for Ruritania

The first requirement is to define the term standard of living. For Ruritania, it is desirable to define the concept as something more than the typical American view that a high standard of living is equated with a large gross national product ("Can Socially Responsible Societies Compete Economic ally?" 1985). Thus, for Ruritania, a broader view is adopted. This view holds that a high standard of living should be one which permits individuals to lead "decent, healthy, and secure lives" ("Can Socially Responsible Societies Compete Economic ally?" 1985). Within this framework, the following social measures are used for comparison (in addition to per capita gross national product): (1) life expectancy at birth; (2) infant mortality; (3) the ratio of physicians in the population; (4) the ratio of nurses in the population; (5) the proportion of

1 2the population aged 2024 enrolled in institutions of higher education; and (6) the adult literacy rate.

Four socioeconomic system types are compared. The North American market economy type is represented by the United States, while the more managed capitalis

. . .
Some common words found in the essay are:
Compete Economic, World Bank, Eastern European, Western European, Education Literacy, , Sweden Mortality, Health Services, european countries, Sherman Brown, National Product, western european, western european countries, eastern european, eastern european countries, data table, european countries rank, adult literacy, gross national, world bank, countries rank, europe sweden, world bank 1989, bank 1989, page data table,
Approximate Word count = 1031
Approximate Pages = 4 (250 words per page)