Since implementation of the National Competition Policy in 1994, there have been very few significant reforms put forward. ... Unemployment is still falling, along with economic growth. ... After 1999, economic growth began to fall steadily, along with unemployment. ... This allows competition into the market, creating more jobs for businesses that want to increase efficiency and productivity to remain competitive. ... Economic Growth currently remains steady. ...

• Word Count: 336
• Approx Pages: 1

The government has a number of economic objectives. ... Monetary policy can also raise the level of economic activity. ... By lowering interest rates the government encourages spending thus increasing the level of economic activity. ... Trade policies include tariffs, quotas, embargoes and subsidies, to protect businesses from foreign competition. ... The federal governments role in the present business environment is to promote economic growth, keep unemployment at a minimum, and protect businesses from foreign competition, by creating policies. ...

• Word Count: 425
• Approx Pages: 2
• Grade Level: High School

If America had this kind of economic system, maybe there would have never been the great depression. ... There was a need to bring about recovery from the economic paralysis that was gripping the nation. 3. ... He created the National Recovery Administration (NRA) and the National Industrial Recovery Act (NIRA) to end the unfair competitions within businesses and create more regulation. Business, labor, and government representatives were forced to cooperate in drafting the "codes of competition." ... Roosevelt created programs and acts that improved America's economic stature treme...

• Word Count: 1194
• Approx Pages: 5
• Grade Level: High School

Smith's economy was based on the economy's ability to correct itself and encourage competition. ... The market economy really benefits big business and is a great short term economic model. After multiple economic cycles and recessions nearly all small business will be wiped out and only a select few business would be left standing. ... If I was ever faced with the challenge of choosing an economic system for my country to run under, I would have to side with a mixed economy....

• Word Count: 875
• Approx Pages: 4
• Grade Level: High School

The skilled workers are still their but so are the intense competition for their services, which causes these workers to become more demanding for pay. ... It is not helping our economic problems, but helping other countries' economies. ... All in all, outsourcing is clearly an overall harmful act toward America and its economic health. ...

• Word Count: 760
• Approx Pages: 3
• Grade Level: High School