One result of Australia's free market policies is its
A. government control over all imports and exports
B. widespread poverty
C. wide variety of available goods and services
D. ban on private property ownership

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The correct option is C. One result of Australia's free market policies is a wide variety of available goods and services.

Australia is currently ranked as the third most free economy in the world by The Heritage Foundation, a US-based research organization. In Australia, the economy combines a range of private freedoms with centralized economic planning and government regulation to form a mixed economic system.

Who benefits from the free market economy?

Only those businesses who innovate and produce goods that consumers demand remain in a free market. They are simultaneously encouraged to improve manufacturing efficiency since they are motivated by profit. Lower manufacturing costs allow for more efficient use of economic resources, which promotes greater economic growth.

The movement of money between households and businesses is linked to the Australian economy. Land, labor, and capital are resources provided by households to businesses that generate goods and services. The households buy the items and services, and the corporations pay the workers/households.

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