Economic Goals and Values

How does the achievement of one of the economic goals impact/interfere with the success of other economic  goals

• With economic growth and innovation you need to use resources to create goods and by doing that you need to focus on the economic efficiency goal by not wasting any of the resources you are using. You will also need to think about economic freedom and try to not let the government interfere with what you are trying to create.

AUSTRALIA'S ECONOMIC GOALS

• The main goal for Australia is to improve their material and non-material living standards.
• Economic Efficiency- Australians are trying to improve their resource efficiency by improving their infrastructure and buildings.

ECONOMIC FREEDOM

• Starting your own business is super easy. It takes around two days to start your own business (2016 Index of Economic Freedom).

Economic Security and Predictability

• In 2008 there was a $10.4 billion security strategy in order to strengthen Australian economy.

ECONOMIC EQUITY

• The wealthiest 20% of households in Australia account for 62% of total household net worth, with an average net worth of $2.5 million per household. That means over half of the income distribution comes from only 20% of the households In Australia

Economic Growth and Innovation

• In the last couple of years Australia recognized their lack of growth and so they have been trying to improve their industries and sciences.

MADAGASCAR'S ECONOMIC GOALS

• Over the last couple of years French governments have wanted to modernize the economy in Madagascar. That is the main goal for them right now.

ECONOMY EFFICIENCY

• Right now the only thing they really have going for them is farming and they don't have a lot of good equipment for it since they a lot of people can't afford it.

ECONOMIC FREEDOM

• There isn't much opportunity to start any business's in Madagascar unless you have a lot of money to do it. Most people live and villages and are farmers.

ECONOMIC SECURITY AND PREDICTABILLITY

• Madagascar doesn't have any back up plans of something in their economy goes wrong. The country is very poor and can't afford something bad to happen.

ECONOMIC EQUITY

• Most of the young adults are the ones doing the labor including the women. Not everyone gets the same amount of wealth. The women usually don't get much if anything. Men are usually the ones who get all of the money and other resources.

ECONOMIC GROWTH AND INNOVATION

• The French governments that control Madagascar are trying to first modernize the economy, and then they want to start improving education.