answersLogoWhite

0


Best Answer

Australia is rich because it has many Natural Resources. Australia has a particularly rich mining industry which includes metals such as gold, silver, lead, zinc and iron ore; precious gems such as opals and diamonds; and fossil fuels such as coal, oil and natural gas.

User Avatar

Wiki User

11y ago
This answer is:
User Avatar
More answers
User Avatar

Wiki User

10y ago

Wool was the first thing to make Australia prosperous. The wool industry took off in the early 1800s, bringing wealth to many areas.

From the 1850s, the gold rushes played a large part in Australia's prosperity - a prosperity that still continues, with gold still being mined.

In more recent decades, mining of metals and minerals has contributed significantly to Australia's prosperity.

This answer is:
User Avatar

User Avatar

Wiki User

9y ago

i dont know you tell me

This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: What are 3 reasons why Australia has a prosperous economy?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

What are 3 important economies in Australia?

Australia is often renowned as a 'commodity' based economy. Mining, agriculture and tourism are three important industries within Australia.


What reasons influence imperialism?

1. politics 2. economy 3. religion 4. military


Why did Americans unwisely trust the economy in the 1920s?

1) The economy seemed healthy and prosperous with a strong stock market and rising wages. 2) People had confidence in business and in Presidents Coolidge and Hoover. 3)After World War I they were looking for a bright future


What are three reasons why China's economy has boomed?

1.)trade 2.)new factories 3.)farming


How many syllables are in prosperous?

there are 3 syllables


What are 3 natural resources in Sydeny Australia?

Australia has many natural resources. These resources include mineral resources, such as copper, gold and diamonds, energy resources, such as coal, oil, and uranium, and land resources that are used for farming and logging. These resources are economically important to Australia. Many people believe that Australia's economy is resource dependent, which means that if these resources were to be depleted, Australia's economy would suffer.


What are 3 reasons for Spain's ruined economy?

1- Franco 2-Span Civil War 3- Antediluvian system of land distribution Boom, there you go.


Why are you having a federal bailout?

The Reasons for the Bailout Package: 1. To Stabilize the economy 2. Improve Liquidity 3. Improve Investor Confidence 4. Reduce the impact of the financial crisis on the US Economy and GDP.


What are the 3 most economically prosperous cities in the Asian paific region?

No.1 Tokyo (but is declining now, especially after this big disaster) No.2 Hongkong(stable, will still be one of the most prosperous cities this decade) No.3 Shanghai(with huge potential to be the most prosperous city in the Asian Pacific region)


What are the 3 reasons why populations change over time?

One reason is because of the economy in the community. Others reasons may include because of the schools and because of culture changes.


What are 3 reasons why most of Australia's people live near the coast?

One reason is the lack of frequent and reliable rainfall in inland areas of the country.


What is one economy type?

There are 3 types. Market economy, Planned economy and Mixed economy (most common).