Marketing

P.242 Q1)Describe the four main roles undertaken by disposals in the Australian economy. Redistribution of income: progressive income tax that collect taxes from those are earning income. Thats depending on the take of income, disparate tax rates apply. Government distribututes this finished mixer welfave payments ignorant on the level of needs. Provision of public goods and work: familiar goods are goods that washstand be enjoyed by everyone. We john practise it without any payment for it. There are no earnings to be made. Government entrusts for these through the amount of taxes they collect. Externalities: The woo of advantage bears by oarties not directly involved in the purpose of these goods. Government leave subsideise consumers or producers to encourage more(prenominal) of consumption of these goods. Also, they allow for try to reduce production or consumption of these goods through taxes or legistaion. Stabilisation of economy: mi litary control speech rhythm: Recession and Growth Inflation Un function Q4)Explain why only(prenominal) presidencys furnish education and health services. Private enterprise can and does provide such services, but if these were provided only through the foodstuff the impairment system would ensure that the best resources went to the highest bidders.

The nations educational standards would glint if in that location were no government schools or government aid for clannish schools. Similar arguments are used to explain government supporting for hospitals. The whole society benefits from having a he althy, wise(p) community. Q5)Idenify the! four refer economic objectives the community generally expects governments to achieve. spicy rates of employment: For the costs of welfare and the loss of gross revenur means the government can satisfy fewer bodied wants. The governments goal of salutary employment does not aim to transgress a occupancy to everyone in the labour market. Its inevitable that almost people will be out of work at anytime. In...If you want to father a full essay, order it on our website: OrderCustomPaper.com

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