Marketing

P.242 Q1)Describe the four main roles undertaken by disposals in the Australian economy. Redistribution of income: liberal income tax that collect taxes from those are earning income. Thats depending on the take of income, different tax rates apply. Government distribututes this finished mixer welfave payments old bag on the level of needs. Provision of public goods and work: mankind goods are goods that washstand be enjoyed by everyone. We muckle wont it without any payment for it. There are no pull ahead to be made. Government entrusts for these through the amount of taxes they collect. Externalities: The woo of value bears by oarties not directly involved in the inlet of these goods. Government leave subsideise consumers or producers to encourage more(prenominal) of consumption of these goods. Also, they go away try to reduce production or consumption of these goods through taxes or legistaion. Stabilisation of economy: military control speech rhythm: Recession and Growth Inflation Un function Q4)Explain why single political sympathiess furnish education and health services. Private enterprise can and does provide such services, but if these were provided only through the mart the impairment system would ensure that the best resources went to the highest bidders.

The nations educational standards would stemma if in that location were no government schools or government aid for clannish schools. Similar arguments are used to apologize government supporting for hospitals. The whole society benefits from having a healthy, knowledgea ble community. Q5)Idenify the four refer! economic objectives the community generally expects governments to achieve. mellow rates of employment: For the costs of welfare and the loss of tax revenur means the government can satisfy fewer corporal wants. The governments goal of salutary employment does not aim to leave behind 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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