Classification of the Economy Germany is a huge economy sitting right in the middle of eastern and western Europe with a population of 82.4 million at last estimate in July of 2003, and a land area of 357,021 square kilometres. Germany is classified as a mixed market economy, with most of the decisions left to the free market, but still regulated to ensure competition by the government. Germany has a parliamentary system of government made up by a …showed first 75 words of 1179 total…

…showed last 75 words of 1179 total…will bring with it a very substantial rise in the government outlays for Social Security pensions and for the health care. This however is relevant in both Australia and Germany, with both facing problems of the Baby Boomer Generation (now retiring) highly outweighing the Generation X working population that is meant to support them. This is also Australia's main problem in the long term, with the problem projected to kick in about 20 years from now.