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Policies the Australian Government Uses to Counter High unemployment rate in Austraila.
An economy can simply be defined as a society that attempts to best satisfy its infinite needs and wants with its available resources (Parry & Kemp,2002). However, people have unlimited wants and needs but the resources are scarce. As such economics is about managing demand and supply within an economy to achieve the best possible satisfaction and to ensure maximum utilization of the resources. Unfortunately it is not as easy as it sounds. There often are many complications and problems when it comes to running an economy well. For this essay we will look into unemployment, its causes…
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