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The Modified Market Economy
Part 1 of Paper
....nd of economic system? How do governments influence
economic decision making in such systems? Use Australian examples to illustrate
your answer.
A modified market economy is a market economy in which there are varying amounts
of intervention and property ownership by the government. The Australian economy
would be cl.... Part 2 of Paper
....tervention by the government, in forms such as social security nets,
which is present in a modified market, makes society more evenly spread rather
than everyone being one of two things, that is, very rich, or very poor.
In such economies as these, the government influence economic decision making
much to our advantage in terms of them providing many of the resources needed to
satisfy collective wants, making restrictions upon what can and can not be done,
in the interests of our health,.... |
| Number of words: 515 - Approximate pages: 2 |
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