What type of economic system does Australia have?

Answer 1

Mixed Market economy where the GDP is high and the rate of poverty is low

Free market economy, predominantly based on trade, manufacturing, services and finances.

It has a mixed economy which is very close to a capitalistic economy - very much like the US.

A couple of the noticeable differences, however, are that the health system is basically tax-funded in Australia and the schooling system is also more tax-funded than in US.
Mixed Economy

Answer 2

• Australia currently enjoys about an 8% unemployment rate
• They have an inflation rate of about 1.5 %.
• About 21% of their imports are from the U.S
• About 19% of their exports go to Japan

  Grains, livestock, minerals, processed metals, and coal

Answer 3

Australia has a stable and completive economic system. They have had seventeen strait years of economic growth since 1992 averaging 3.3 cents per year. Australia has a free-market economic system.

Answer 4

In today's world of recession that has hit the world in a very big way, both the U.S.A. and Europe are suffering. Australia, on the other hand, has not felt the recession as much as U.S.A. and Europe, and job cutting has not begun.

Answer 5

Australia has a market economy