answersLogoWhite

0

Australia is a sovereign nation and does not 'belong' to anyone. The economic system in Australia is their own affair. Australia chooses to use the capitalistic economy model, as is their right. Being settled by the British, it was modelled on the British system.

User Avatar

Wiki User

14y ago

What else can I help you with?

Related Questions

Did Australia belong to a differant country?

Britain did own Australia


What are all the countries that belong in Australia?

Australia is the only country in/on the continent of Australia.


Which continent does Australia belong to?

Australia is both a country and a continent. The country of Australia belongs to the continent of Australia.


Is Australia socialist or captalist?

Yes No, Australia has a mixed economy with many of the feature of a capitalist system such as a free enterprise system but also a government opperated social security system that is paid for out of taxation. The fact is that there is no such thing as a capitalist country in the world.


Which country doesn't belong Austria Australia Andorra Albania or Romania?

Australia is not from Europe.


Is Australia communistic?

Australia is a capitalist democracy.


What countries belong to Australia?

Only Australia belongs to Australia. While the country has numerous offshore territories, it does not own or govern any other country.


Is Zambia capitalist or communism?

It is a capitalist country.


How can a government correct a capitalist economy?

A capitalist economy would belong to a democratic country. The only way this democratic society could change is through a democratic vote. How many people are going to want an alternative economy ?


To which country's territory does the Christmas Island belong in Indian ocean?

It belongs to Australia.


Australia Korea Europe Asia Which country doesn't belong with the others?

Korea


To which country do the Socceroos belong?

The Socceroos is a nickname for the international soccer team of Australia.