1 / 13

Economy of Australia

Economy of Australia. 3/26/2009. What type of economy does Australia have?. Mixed economy: mostly capitalist Factors of Economic Growth: Human capital: government provides good education and healthcare Good schools. Children have to go to school until age 15. Government provides healthcare.

Patman
Download Presentation

Economy of Australia

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript


  1. Economy of Australia 3/26/2009

  2. What type of economy does Australia have? • Mixed economy: mostly capitalist • Factors of Economic Growth: • Human capital: government provides good education and healthcare • Good schools. Children have to go to school until age 15. • Government provides healthcare

  3. What kind of economy does Australia have? • Entrepreneurs: important to a lot of industries • Examples: farming and fishing businesses are mainly entrepreneurs • Capital goods: in last 50 years, Australia has invested in them… • Building factories • Developing new technology

  4. What kind of economy does Australia have? • Natural Resources: it has a lot of them… • Forests • To keep from having deforestation, they are replanting trees • Mining: gold, lead, silver, zinc, and uranium • Good land for farming and livestock: this was the most important part of Australia’s economy historically • Beaches and Great Barrier Reef

  5. How do people make money in Australia? • Manufacturing: cars, clothing, food, airplanes, steel, iron, chemicals, paper, and sugar • Farming: still important • Wool, beef, dairy products, wheat • Tourism: beaches, Great Barrier Reef, cities, landmarks (Sydney Opera House)

  6. Tourist attractions

  7. How does the wealth of Australia help the people? • Australia has a strong economy. Because of this the people get: • Good education and healthcare • Ability to improve their lives and make more money • Remember: high literacy rate (education) leads to high GDP (gross domestic product) • In other words: good education leads to making more money

  8. What are some bad things about the strong economy of Australia? • Ozone depletion: all around the world • Pollution from industry, hurts atmosphere • A lot of people believe this is causing global warming • Warmer temperatures are hurting animals and the Great Barrier Reef

  9. Map of rainfall in Australia…where do you think the people live?Orange=driest, blue=wettest

  10. Where the people live…

  11. Why do people live where they do in Australia? • Climate: they don’t want to live in the middle of the country: desert • Instead in the southeast and southwest: temperate climate • Trade: people live on the coast, mainly in the southeast and southwest • Able to have trade routes around the world • Close to China: very important for trade

  12. Australia and China are pretty close…

  13. Ticket-out-the-door • What kind of economy does Australia have? • Where do most of Australia’s people live? (On the coast or inland) • Why is the economy of Australia growing? • What tourist attraction in Australia is being hurt by ozone depletion? • Why is education important to Australia’s economy?

More Related