Tuesday 8 March 2011

- obama's Stimulus Package is exactly the same as the australia's stimulus package. This is to stimulate the economy. - increase health checks on g/s people get so people have healthy supply of what they want and need.
- business pofit motif
- Australia does not have a scarcity of resources
- we have a scarcity of skilled labour.
- use scarce resources for upper class or lower class?
- modern transportation industry and technology
- North Korea - trade embargo
- Why do we have governments? it's not always about profil

Mixed market economy in Australia - business and government involvement
- American system less governed by gov.
- Australia system is more governmed by gov.

Free trade (markets allocate everything) - not always the best.