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

We realize that there are limits to what we can afford to twist around because we puzzle limited standards of money. What we often dont realize is that the number of resources lendable in Australia and the world to satisfy our wants is also limited. We are haul to make choices about how we satisfy our wants. Because we cant have everything, we must submit what we will have and how much we will have. The economic concern forces us to make choices. Since resources are scarce and valuable, we should make trustworthy that we dont waste them. We need to decide which are the most see 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 using 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 interpolate to private owners. 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 circle 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 look intoled by the owners but is limited by laws. For example, there are galore(postnominal) regulations that break to how farmers use land they own. They must obtain a grant before clearing natural vegetation a nd have to control certain pests and disease! s. In the same way, a factory owner must abide by laws about ruffle and pollution coming from their property. There... If you want to get a practiced essay, pasture it on our website: BestEssayCheap.com

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