The main reason why Australia's economy collapsed right before the Great Depression began was that the government made poor decisions.
Australia suffered badly during the period of the Great Depression of the 1930s. The Depression began with the Wall Street Crash of 1929 and rapidly spread worldwide. Along with other nations, Australia suffered years of high unemployment, poverty, low profits, deflation, plunging incomes, and lost opportunities for economic growth and personal advancement.
The main reason Australia's economy collapsed right before the Great Depression began is because the government made poor decisions. Many factors led to their economy collapsing but they can be summed up by the government made poor decisions.
Answer: The unobservable market force that helps the demand and supply of goods in a free market to reach equilibrium automatically is the invisible hand. ... He assumed that an economy can work well in a free market scenario where everyone will work for his/her own interest.
