For the countries of Australia and China, summarize the key characteristics of their economic systems while paying close attention to:
1. The nature and extent of individual rights. Including property ownership and property rights, freedom of mobility and employment, and extent of government ownership.
2. How a command versus a market system determines what gets produced and who gets the produced goods or services.
3. Is decision-making centralized or decentralized and how this affects timing and efficiency.
4. The effectiveness of different kinds of incentive systems: moral, material, and coercive.