0
Australia has a mixed-market economy, which combines elements of both capitalism and government intervention. It features a strong private sector and is characterized by a high level of trade, particularly in commodities like minerals and agricultural products. The government plays a role in regulating the economy, providing public services, and ensuring social welfare. Overall, Australia enjoys a stable and prosperous economic environment with a high standard of living.
What else can I help you with?
What type of industries are in Australia?
Australia has very little industry. An astonishing amount of products in Australia are imports. The main income to Australia's economy is tourism.
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?
* *
Where does Australia export petroleum to?
I'm not entirely sure, but type in (in any search engine you wish): CIA World Factbook Find Australia, click under economy, and there should be a list of what Australia exports and imports, as well as who they export and import to.
What did Australia's economy rely heavily on?
coal
How is Australia's economy related to its geography?
no
What is the economy system used by Australia?
capitalism
