It has a mixed economy which is very close to a capitalistic economy - very much like the US. A couple of the noticeable differences, however, are that the health system is basically tax-funded in.Australia and the schooling system is also more tax-funded than in US.
Basically, it is a Mixed Market economy where the GDP is high and the rate of poverty is low.Regulated Free Market Economy
Basically, it is a Mixed Market economy where the GDP is high and the rate of poverty is low.Regulated Free Market Economy