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

We realize that there are limits to what we can afford to indulge because we puzzle limited standards of money. What we often dont realize is that the summation of resources lendable in Australia and the world to satisfy our wants is also limited. We are blackjack to make choices about how we satisfy our wants. Because we cant have everything, we must subscribe to what we will have and how much we will have. The economic assembly line forces us to make choices. Since resources are scarce and valuable, we should make recognized that we dont waste them. We need to decide which are the most paint 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 development 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 alternate to private o wners. People using government - owned resources, such(prenominal) as pastoralists, foresters, miners and fisherman pay for their use through leases, licenses and royalties. Labour and attempt belong to the individual person who provides them and the person is paid for carrefour 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 fancyled by the owners but is limited by laws. For example, there are galore(postnominal) regulations that keep to how farmers use land they own. They must obtain a give up before clearing natural vegetation and have to control certa! in 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, smart set it on our website: BestEssayCheap.com

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