A Comparison of the Australian and North Korean Economies.

Australia: Australia's economy is labelled as 'mixed-market' -this involves both individuals and the government playing a role in the economy. What to produce is determined by the interaction of consumers, businesses and the government in the market place. Consumers are sovereign in the market place because although business people try to influence what they buy through advertising, it is ultimately consumers' decisions that prompt them to produce one good over another. Australian individuals have quite …

…article, Encyclopædia Britannica, 2005, <http://www.britannica.com/eb/article?tocId=45011>. Accessed 13th march, 15th march 2005 CIA - The World Factbook Central intelligence agency, "Australia" article/ "North Korea" article, 2005 Country information updated as of 10 February, 2005 http://www.cia.gov/cia/publications/factbook/ Accessed 16th march, 18th march Australian Bureau of Statistics Dennis Trewin, Measuring Australia's Progress, updated Feb 2004, http://search.abs.gov.au/servlet/SearchDocuments Accessed 16th march