Question

what type of economic system does Argentina have? and what type of economic system does Australi have?

Answer 1

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Argentina economic system:-

Argentina has a mixed economic system which includes a variety of:

• private freedom,
• Combined with centralized economic planning government regulation.

Argentina is a member of the Common Market of the South.

Australia economic system:-

Australia has a mixed economic system in which the economy includes a variety of:

• Private freedom,
• Combined with centralized economic planning and government regulation.

Australia is a member of Asian Pacific Economic Cooperation (APEC) and the Trans-Pacific Partnership (TPP).