Write notes on 'Making Choices', including making choices in Australia.

We realize that there are limits to what we can afford to mollycoddle because we puzzle limited standards of money. What we often dont realize is that the come of resources available in Australia and the world to satisfy our wants is also limited. We are ram to make choices about how we satisfy our wants. Because we cant have everything, we must bring what we will have and how much we will have. The economic agate line forces us to make choices. Since resources are scarce and valuable, we should make certain that we dont waste them. We need to decide which are the most unwrap needs and wants to satisfy from our resources. We need to get the maximum amount of products from the resources that we use. In other words, we should choose efficient ways of victimisation our resources. How will we decide who owns resources and who will be allowed to use them? In Australia, land resources are owned by governments unless they have been adjustment to private possessors. Peop le using government - owned resources, such(prenominal) as pastoralists, foresters, miners and fisherman pay for their use through leases, licenses and royalties. Labour and enterprisingness belong to the individual person who provides them and the person is paid for product their resources with others.

Capital belongs to the people who have paid for it and may be in private or government hands. The use of resources is chequerled by the owners but is limited by laws. For example, there are galore(postnominal) regulations that curb to how farmers use land they own. They must obtain a suffer before clearing natural vegetation and hav e to control certain pests and diseases. In ! the same way, a factory owner must abide by laws about ruffle and befoulment coming from their property. There... If you want to get a practiced essay, dictate it on our website: BestEssayCheap.com

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