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Comparing Economies: Germany vs Australia
Classification of the Economy
Germany is a huge economy sitting right in the middle of eastern and western Europe with a population of 82.4 million at last estimate in July of 2003, and a land area of 357,021 square kilometres. Germany is classified as a mixed market economy, with most of the decisions left to the free market, but still regulated to ensure competition by the government. Germany has a parliamentary system of government made up by a civil law system with indigenous concepts, and a judicial review of legislative acts in the Federal Constitutional Court.
Germany is classified…
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