outline the type of economic system Australia hasExplain the difference between macro and microeconomic policies with relevant examples of policies
Question
Solution 1
- Economic System of Australia:
Australia has a mixed-market economy, which is a blend of market, traditional, and command economic systems. It operates on the principles of supply and demand where the prices of goods and services are determined in a free price system. The Australian economy is ch Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study prob
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