1. Economies of Australia and China
The fundamentals for an economy is to maintain a substantial living standard for the upcoming future in order to increase the production of capital goods. ... Quality of Life Quality of life results from economic growth and is a measure of welfare or prosperity of an individual's standard of living by the country's population, which are based on factors like healthcare and education level. ... This indicates that Australia's overall quality of life had significantly improved and not showing any signs of poverty. Between 1980 and 2012, the mean years of schooling in Austral...
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