and wealth can be measured from two perspectives – the inequality between the rich and poor‚ and the growing inequality between wages and profits. Through looking at these two relationships we can see the worsening condition of the distribution of income and wealth in Australia. When looking at changes in income in Australia‚ the recent trends (as seen in diagram 1 and diagram 2) shows the top 20% or highest quintile‚ increasing their income share from an averaged 38% in 1994/95 to over 41% in 2007/08
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policy 2 2.2. Expansionary Fiscal policy – indication of a budget deficit? 2 2.3. Contractionary Fiscal policy – indication of a budget surplus? 3 3. Expansionary and Contractionary Fiscal policy in Australia 3 4. Failure to predict the budget in 2012 – 2013 of the Labour Party 4 5. Fiscal policy in Australia between 2006 – 2013 5 6. Conclusion 6 References 7 1. Introduction The economy is relatively influenced by the government intervention. The use of government revenue collection and government
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analysis of the Australian market Australia is the 15th richest nation in per capita terms and is the 6th oldest continuously functioning democracy in the world. Australia has the 14th biggest overall economy in the world and the 9th biggest economy. Australia’s economy is open and innovative. Over the past decade solid productivity gains have been accompanied by low inflation and interest rates.Also Australia has low barrieirs to trade and investment .Australia foreign and trade policies promote
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Industrial Revolution in Great Britain Industrialization in general changed the way we live but it impacted our lives the most when it came to Great Britain. Simple ores such as coal and the use of metals to make engines aided the British and the rest of the world into making their lives much easier while increasing production of product allowing them to make more money. The Industrial Revolution began in Great Britain the mid-18th starting with the transition from handmade goods to machine made
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Election promises from Labor and liberals 2004 2004 is an election year in Australia and one of the issues that the parties have diverse election promises on is to which extent employers should be authorized to use casual workers‚ and what rights the casual workforce should be entitled to. Casual workers play a central part in the Australian labor market as it is the fastest growing form of employment. Next to Spain‚ Australia has the second largest casual workforce in the world (Munn‚ 2004)‚ with
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Rabbit Infestation in Australia Rabbits have been the worst invasive species that have been reported in Australia. They have widely spread in Australia leading to a massive destruction of the Australian environment. Rabbits have caused devastating effects on the ecosystem since they are believed to be the main factor in species loss in Australia. They have caused a lot of damages on crops and also destroyed and killed young trees and plants. In addition‚ rabbits cause serious problems on soil
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Pharmaceutical Society of Great Britain v Boots Cash Chemists (Southern) Ltd [1953] 2 WLR427 is a well-known English contract law judgment on the nature of an offer. The Court held that the exhibition of a product in a store with a price attached is not adequate to be considered an offer‚ although relatively is an invitation to treat. Boots Cash Chemists had presently employed a new technique for its customers to purchase certain medicines. They would let shoppers single out drugs off the shelves
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the Problem McDonalds spacious Britain experienced a great deal of hardships and changes. McDonalds US sales have steadily change magnitude but Great Britain has not shown any significant increase. The solid ground for the sluggish sales is because of new chains such as Yo! sushi and Nandos Chicken Restaurants which tickled the Great Britains taste. An issue in the fast food industry is the mad cow sc are. at that place are some comments about McDonalds Great Britain standardised a guy just go to
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The Industrial Revolution had a great impact on not only Great Britain‚ but Australia as well. Wool‚ wheat and mining where just a few of the things that Australia provided during the 1800s. Australia provided Great Britain with many raw materials in the nineteenth century such as wool‚ to meet the demands of the new textile industry‚ wheat to feed the population and increase what was growing on British farms‚ metals such as gold‚ copper‚ lead‚ zinc‚ silver and tin‚ and other materials such as
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Jureidini & Poole‚ 2003‚ pp124 ¡V 127). Other important theorists to look at are George Herbert Mead (1863-1931) and Lev Vygotsky (1896-1934). Agents of Socialization: In Australian culture‚ socialization occurs through various agents‚ and due to Australia being so multicultural and diverse‚ the importance of each of these agents is different from individual to individual. X Family ¡V For most children‚ the family is the epicenter of socialization and is the most important factor in how the child
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