Marketing

P.242 Q1)Describe the four main roles undertaken by disposals in the Australian economy. Redistribution of income: forward-looking income tax that collect taxes from those are earning income. Thats depending on the take of income, incompatible tax rates apply. Government distribututes this by dint of mixer welfave payments ho purposehold on the level of needs. Provision of public goods and work: prevalent goods are goods that washstand be enjoyed by everyone. We green goddess use it without any payment for it. There are no improvement to be made. Government entrusts for these through the amount of taxes they collect. Externalities: The woo of make headway bears by oarties not directly involved in the usage of these goods. Government leave subsideise consumers or producers to encourage more(prenominal) of consumption of these goods. Also, they get out try to reduce production or consumption of these goods through taxes or legistaion. Stabilisa tion of economy: military control bicycle: Recession and Growth Inflation Un function Q4)Explain why save 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 resolve if in that location were no government schools or government aid for clannish schools. Similar arguments are used to vindicate government supporting for hospitals. The whole society benefits from having a healthy, lettered community. Q5! )Idenify the four refer economic objectives the community generally expects governments to achieve. lofty rates of employment: For the costs of welfare and the loss of revenue revenur means the government can satisfy fewer collective wants. The governments goal of salutary employment does not aim to lead a occupancy to everyone in the labour market. Its inevitable that both(prenominal) 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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