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The Modified Market Economy
Beginning of paper
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 which there are varying amounts
of intervention and pr ....
Middle of paper
....ery rich, or very poor.
In such economies as these, the government influence economic decision making
much to our advantage in terms of them providing many of the resources needed to
satisfy collective wants, making restrictions upon what can and can not be done,
in the interests of our health, the environment, impacts upon society etc.
Thro.... |
| Word count: 515 |
Page count: 2 |
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