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This is a free sample preview of the essay
The Modified Market Economy
Beginning of essay
What is a modified market economy? What factors have been responsible for the
emergence of this kind of economic system? How do governments influence
economic decision making in such systems? Use Australian examples to illustrate
your answer.
A modified market economy is a market economy in whic ....
Middle of essay
....tive wants, making restrictions upon what can and can not be done,
in the interests of our health, the environment, impacts upon society etc.
Through this they regulate much of the possible ‘bad' economic decisions that
could be made.
The Australian government does place some limitations on freedom of enterprise,
but generally encourages private business activity as it is an advantage to our
whole economic growth in terms of employment etc.
The Australian government also encourages the .... |
| Number of words: 515 |
Approximate pages: 2 |
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