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Australia has a free market economy.

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11y ago

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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.


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When an economy is partly command and partly market, is called a mixed economy.


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