The document discusses key factors to consider in power system design: 1) A system must be efficient, carry imposed loads without overheating, and maintain minimum voltage drops. 2) It should provide continuous supply and minimize interruptions if faults occur. 3) The system needs to be simple and easy to operate/maintain with low losses. 4) However, a perfect system would be too costly, so economics must be balanced - using resources efficiently without equating economy with cheapness.