What kind of system does Australia have?

Economics Today and Tomorrow, Student Edition
1st Edition
ISBN:9780078747663
Author:McGraw-Hill
Publisher:McGraw-Hill
Chapter20: The Global Economy
Section: Chapter Questions
Problem 13AA
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  • What kind of system does Australia have?
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An economic system is the most critical category that a country needs to look at, as without an economic system, the country cannot function with proper considerations. There are many economic systems like the traditional economy, capitalist economy, free-market economic system, mixed economy, etc. The countries in the world follow different economic systems, and most countries have taken up the mixed economic system.

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