1. Australian and Chinese Economies - A Comparison
Trade, manufacturing, services and financing are the four fundamental components of the Australian economy; it is dominated by the services sector (70% of GDP), although the agricultural and mining sectors account for 57% of the country's expÂorts and be considered the 'driving force', despite the mining sector's slow decline. Figure 1 shows Australia's top 10 exports of 2013; Metals, such as iron-ore and gold, account for 41%, coal for 21%, aluminium ores and copper ores count for 6% and wool for 4%4, and thus supports the aforementioned claim that the agricultural ...
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- Grade Level: Undergraduate