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Economics The Role of the Government Notes
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Economics The Role of the Government Notes

Economics

7 Pages HSC - Higher School Certificate Year 11 Partial Study Notes Year Uploaded: 2017

Functions of the three levels of government Size of the Public Sector Economic functions of the Australian Government 1. Reallocation of resources 2. Redistribution of income 3. Stabilisation of economic growth (Monetary and fiscal policy) 4. Managing Government Business Enterprises Competition policy Consumer protection Environmental protection Federal Budget Types of budgets Influences on government policies in Australia Government tax revenue and expenditure Measuring the Budget outcome Summary questions and answers


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