What was the state of the economy in Australia in the 1950s?
What was the state of the economy in Australia in the 1950s? Thank you
It was relatively better than in average in Europe and partially than in US, that's because they were involved in WW2 and have suffered great capital destruction. But if we will look from economic efficiency - then Australia in 1950 was in very bad situation in comparison to current time.
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| Finance plays an all-important role in life of any society irrespective of its social order. Experts should know well the nature of the finance, understand features of formation, distribution and use of financial resources in the state, and also in functioning of credit-and-monetary system. The economist should be prepared for professional work in state structures of federal, regional and municipal level; banks, stock exchanges, the financial and insurance companies, investment funds, the Ministry of Finance of the Russian Federation, economic services of the enterprises and the organisations of all patterns of ownership, on the posts demanding the higher economic education. |
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