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Is Australia a market or command economy?
Australia has a free market economy.
Is Western Australia driving Australia's economy?
The mining boom in Western Australia is certainly having a great deal of influence on Australia's economy.
What two industries does Australia's economy depend on the most?
Australia's economy depends on the mining industry and agriculture.
What is a two way economy?
Australia is a two speed economy
Australia's economy depends on mining and?
Australia's economy depends mainly on mining and agriculture. Tourism is also important.
Why is Australia considered a mixed economy?
One containing features of both capitalism and socialism. Australia is a mixed economy, ... Australia is a mixed economy, with major state-owned enterprises in communications, transport, banking ... too, provides a striking illustration of the transition to a mixed economy ...
What impact does the economy have on the population in Australia?
* *
What is the economy system used by Australia?
capitalism
What did Australia's economy rely heavily on?
coal
How is Australia's economy related to its geography?
no
How healthy is the economy in Australia?
Australia's economy is very healthy. Buoyed by the strong mining sector, and supplemented by its agricultural industry and tourism, Australia was one country that rode out the global financial crisis very well, with minimal impact.
Does Australia have a traditional command free market or mixed economy?
The free-market system is free from government intrusion and is where the people can freely change prices and products for the public. The command economy doesn’t provide freedom to its people, and the mixed economy has both government and public input. Therefore, we can come to the conclusion that Australia has a mixed economy.
