is the fourth largest country in the world behind Russia‚ Canada‚ and the United States. Australia is a continent and a country in the Southern Hemisphere‚ lying to the south of Southeast Asia‚ which divides the Indian and South Pacific Oceans. The population of Australia is 23 million. In 2009 China surpassed Japan to become Australia’s largest export market‚ the Australian and Chinese economies are strongly complementary. As a result‚ our trade and investment relationship is substantial
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How to Develop China’s Economy Effectively Contents 1 Introduction 1 2 Main Issues 2 2.1 Baby Boomers: How to deal with the huge aging population 2 2.2 Gen Y: The second-generation migrant workers bring new challenge and opportunity for China’s urbanisation 3 2.3 Technological Issue: Quality and Innovation 4 2.3.1 Quality 4 2.3.2 Innovation 5 3 Conclusion 8 4 Recommendations 9 5 Reference List 10 1 Introduction Since opening and reforming the market in 1978‚ China has turned
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Australia‚ the large Island continent‚ has been generously furnished with abundant natural resources. With these resources‚ not surprisingly the various kinds of industries utilizing these resources are emerged in Australia. One of the most important industries is mining. Australia has the world’s largest reserves of several mineral commodities in both minerals and energy resources. The Mining sector includes all units mainly engaged in mining‚ including the mineral exploration‚ and the provision
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negatives of tourism and the negative impacts that tourism has on different systems of a country such as economic‚ social and environment. It also focuses on the Tourism industry of Australia and the negative impact it has on the various attractions. It comprises of facts and figures from the tourism extracts of Australia. The essay explains the stages of tourism planning with its importance and function. It will enable the reader to connect the concepts of tourism of planning with the tourism impacts
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Domestic Production (GDP) of the economy. Skilled or unskilled immigrants pay more taxes than the native employee. Immigration clearly expands the national economy‚ especially for the context of Australia (Wooden‚ 1990 and Foster and Baker‚ 1991). For example‚ The Regional Sponsored Migration Scheme (RSMS) and State Specific Regional Migration (SSRM)‚ these both schemes play a vital role in the economic growth of Australia‚ especially in regional areas. Australia has forefront policies of skilled
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The Role of Government in Australia The structure of Government Australia has a three tiered structure of Government. Under the Australian constitution‚ the central Commonwealth government and the state governments are independent of each other‚ and have different roles although they might work together. The constitution sets out the absolute limits on what the government is able to do. The Commonwealth government has overall responsibility for the economy and has the most influence on
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surplus? 3 3. Expansionary and Contractionary Fiscal policy in Australia 3 4. Failure to predict the budget in 2012 – 2013 of the Labour Party 4 5. Fiscal policy in Australia between 2006 – 2013 5 6. Conclusion 6 References 7 1. Introduction The economy is relatively influenced by the government intervention. The use of government revenue collection and government expenditure to contribute to the long-term growth and stability of the economy is considered as “Fiscal Policy”‚ implying contractionary
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in developed countries. Australia is one of these countries which depends mainly on coal as a source of energy generation. While diversification of power will reduce the emission of CO2‚ Australia is still using coal for electrical generation purposes. This essay will discuss the case both for and against the diversification of energy sources in Australia. It will focus on the environment impacts of burning fossil fuels as well as the importance of coal industry in Australia. There are a number of
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Retail:-The selling of goods and services directly to consumers in small quantities. Retailing:-The activities involved in selling goods directly to consumers. ORGANISED RETAILERS:- Like department stores‚speciality stores ‚shopping complexes ‚ malls ‚ large scale multiple chains etc. Organized retailing‚ in India‚ refers to trading activities undertaken by licensed retailers‚ that is‚ those who are registered for sales tax‚ income tax‚ etc. These include the publicly traded supermarkets‚ corporate-backed hypermarkets and
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The major difference between a command economy and a market economy is that a command economy is told what to do by the government. A market economy does things for the people‚ the people decide what they want. The command economy is told what to produce‚ who to produce to‚ and how to produce by the government. The market economy is told is told what to produce‚ who to produce to‚ and how to produce by the people. I think that profit is the best one because you will still have money left over after
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