Privatization, a political hot potato, is at the same time both an economically sound but politically dangerous idea. Privatization, simply put, is the transfer of the ownership of public assets to the private sector achieved generall

Economically Australia has been through a lot since the low productivity growth and economically turbulent days of the 1980's with financial deregulation being enacted from 1980 -1989 followed in 1988 by the government drawing up and tabling it's guidelines to improve efficiency of government industries. Tariff reductions were first announced in 1988 followed by a second reduction in 1991 the same year as enterprise bargaining replaced the centralized system of wage determination and industrial relations and the special premiers conference was held. An inquiry was set up by the government in 1992, which bore its fruits in 1993 in the form of the Hilmer Report, a report that formed the basis of Australia's current national competition policy. Flexibility within the labour market was further increased in 1996 with the introduction of the Workplace Relations Act. More recently in 2000 the New Tax System was introduce and for the first time Australia has a goods and services tax and the Wholesale Sales Tax has now been abolished.

Some common words found in the essay are:
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Approximate Word count = 1457
Approximate Pages = 6 (250 words per page double spaced)