Commonwealth and Banking Sector-Free Samples-Myassignmenthelp.com

Question: Search about Commanwealth and Banking Sector. Answer: Considering aspects of macro policy development in economics and employment and how Commonwealth can ensure it has capability to adapt The study deals with explaining the concept of macro policy development in economics and employment by referring to banking sector in Australia and company named as Commonwealth Bank of Australia (Heijdra, 2017). Countries like Australia had achieved sustained economic growth as they have used a wide range of policy interventions. The main objective of monetary policy is to attain the highest probable rate of non-inflationary financial expansion. Banking sector in Australia had undergone considerable changes that directly inclined constancy as well as efficiency of the system. Macro-economic policies are most crucial factor that helps in shaping the landscape within which factors like labor and capital operates in the most appropriate way. The main objective of macro policy development is to put in for the financial as well as social security in a reasonable and an effective way. It is due to unemployment and underemployment that is the main cause behind poverty. It becomes difficult to maintain an economy as possible as giving full employment. The main target of banking sector in Australia is to keep up labor force growth as well as rural-urban migration. The banking sector in Australia aims for continued as well as sustained economic growth where it is treated for preoccupation for employment generation as it will provide countries the fiscal space for addressing other vital critical social concerns (Mankiw, 2014). It is important to promote economic growth as well as structurally transform in a rapid changing world that need to develop fiscal management strategies. Reference List Heijdra, B. J. (2017).Foundations of modern macroeconomics. Oxford university press. Mankiw, N. G. (2014).Principles of macroeconomics. Cengage Learning.