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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 intervent .... Middle of paper
.... richer and
the poor get poorer as there is no regulation in terms of income distribution.
The intervention by the government, in forms such as social security nets,
which is present in a modified market, makes society more evenly spread rather
than everyone being one of two things, that is, very rich, or very poor.
In such economies as these, the government influence economic decision making
much to our advantage in terms of them provid ....
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Number of words: 515
Number of pages: 2 (approx. 250 words per double-spaced page)
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