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Title: Overview of key economic questions and systems within Australia

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Subject: Business
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Date: September 23, 1999
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Length: 2 / 368
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Australia is more of a mixed economy rather than a market economy because both private economic freedom and centralized planning coexists.

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The three economic questions will be viewed upon differently in the range of economic systems. A subsistence economy is an economy in which a group generally obtains the necessities of life, but do not attempt to accumulate wealth. This economy generally creates minimal surpluses, which indicates that this system is followed by environmentalist or there is a strong degree of poverty in the nation due to underdevelopment...

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