Australia Economics
Ausralia has one of the freest economies in the world. Although most democratic countries today have a mixed economy somewhere on the continuum between market and command, Australia's economy leans heavily toward a ____ economy.
market
Australia invested heavily in ______.
Human Capital
The process of signing free trade treadies with many other countries has _____ it's productivity, simulated growth, and improved the economy
increased
China is Austrlia's largest neighbor to the North. Chinas growth has a direct impact on the ________.
Australian economy
In fact, Australia standard of livingis one of the highest in the world, and its GPD ranks with the richest countries of _____.
Western Europe
Australias location makes it expensive for people to visit from other countries. Most international tourists to Australia from ______.
New Zealand
Even though Australia's literacy rate and standard of living are among the highest in the world, there is poverty in the country. The worst conditions were among the ___.
aborigines
Australia for example, has many _____. Coal and iron ore are to important industries to China.
natural resources
Australia is a world leader in entrepreneurs. One in every tweleve adults ___ their own business.
owns
Austalia has tried to encourage ____ with other cohntries.
trade
Australia's strong economy has been growing for the past 20 years. The country has experienced continuous growth, low unemployment, low inflation, low public dept, and a strong and stable ______.
financial system