The mining boom in Western Australia is certainly having a great deal of influence on Australia's economy.
In 1900, Australia had a few problems:DefenceTravel (railway gauges)Economy
Australia's economy is big and they smell werid. they have a lot of cool animals but they smell soooo bad
Australia has a free market economy.
How did Australia recover? Just the same as most of the world at that time, WW2. WW2 created huge demand for Australian men and products. This was the event that jump started the Australian economy and created a manufacturing base for the country that would continue to exist till the late 70s. What did they do to prevent it from happening again? Nothing, in fact Australias economy has always been influenced by the supply and demand of other countries.
Australia's economy depends on the mining industry and agriculture.
Northern was the economy based on manufacturing, southern was the economy based on agriculture, and western is emerging economy
Northern was the economy based on manufacturing, southern was the economy based on agriculture, and western is emerging economy
Australia is a two speed economy
Australia's economy depends mainly on mining and agriculture. Tourism is also important.
One containing features of both capitalism and socialism. Australia is a mixed economy, ... Australia is a mixed economy, with major state-owned enterprises in communications, transport, banking ... too, provides a striking illustration of the transition to a mixed economy ...
The countries that use a market economy are the United State, Western Europe, and Western Germany. A market economy is an economy in which decisions regarding investment, production and distribution are based on supply and demand.
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