need help with these q's! (1 Viewer)

[c00kiezncreme]

heyy, me need help with answering these q's

Q1) Describe two areas of mircoeconomic reform in the Australia economy.

Q2) Why has microeconomic policy become an important aspect of the economic policy mix?


thanks!!

 

[Minai]

1)
- Reduction and removal of protectionist policies
- Decentralisation of labour market

2) Lots of reasons, most notably to encourage greater efficiency and productivity within Australian industry, therefore increasing international competitveness and ultimately creating a positive effect on economic growth and forgein investment opportunites

 

[c00kiezncreme]

thanks minai!