Economics Essay (1 Viewer)

[IronMaiden]

How does Australia attempt to solve the economic problem?
I'm pretty happy with what I have got so far, how would you go about answering such a question?

 

[wuddie]

talk about economic policies in place to counter the eco issues, how the government allocates resources to competitive industries, how the tax system redistributes the income, and the fact that imports are providing us with the 'wants and needs' which our resources cannot produce.

 

[onebytwo]

How does Australia attempt to solve the economic problem?
I'm pretty happy with what I have got so far, how would you go about answering such a question?

australia operates as a mixed market economy, leaving the problem of scarcity to be solved by free markets with minimal government intervention