Australian wartime economy

During wartime, Australia's economy shifts to support military efforts by increasing production of goods like weapons, vehicles, and supplies. The government often directs resources, controls prices, and manages labor to ensure enough materials for the war. Industries expand, and many workers join the war effort, leading to high employment. International trade may decrease due to blockades or damaged shipping routes. After the war, the economy transitions back to peacetime activity, often with significant changes, including infrastructure development and economic growth driven by wartime investments. This period demands flexible economic management to balance war needs with post-war recovery.