They also regulate certain areas not exclusively within the federal jurisdiction, such as education, housing, conservation, the environment, and commercial and criminal law. Local Government Local Councils provide services to their own communities and regulate matters that cannot be handled by the larger bodies, such as real estate zoning. They consist of elected representatives who usually act in an honourary capacity. Local governments are funded predominantly by property taxes known as rates. They also receive federal and state monies for special projects such as roads.
Local governments regulate social and industry services.
Distinguish between monetary policy and fiscal policy. Cite specific examples. Discuss the role of the Reserve Bank in maintaining a stable economic environment. Discuss the impact of deregulation on the Banking sector. Discuss the change in the balance between manufacturing and service industries over the last 15 years.