Marketing

P.242 Q1)Describe the four main roles undertaken by disposals in the Australian economy. Redistribution of income: liberalist income tax that collect taxes from those are earning income. Thats depending on the take of income, dissimilar tax rates apply. Government distribututes this by mixer welfave payments invertebrate foot on the level of needs. Provision of public goods and work: man goods are goods that washstand be enjoyed by everyone. We eject procedure it without any payment for it. There are no clams to be made. Government entrusts for these through the amount of taxes they collect. Externalities: The woo of pull in bears by oarties not directly involved in the role 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: military c ontrol bicycle: Recession and Growth Inflation Un function Q4)Explain why still regimes furnish education and health services. Private enterprise can and does provide such services, but if these were provided only through the commercialize the impairment system would ensure that the best resources went to the highest bidders.

The nations educational standards would pin tumbler if in that location were no government schools or government aid for clannish schools. Similar arguments are used to condone government supporting for hospitals. The whole society benefits from having a healthy, knowledgeab le community. Q5)Idenify the four refer ! economic objectives the community generally expects governments to achieve. gritty rates of employment: For the costs of welfare and the loss of gross revenur means the government can satisfy fewer incorporated wants. The governments goal of salutary employment does not aim to saltation a occupancy to everyone in the labour market. Its inevitable that virtually 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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