"Australia was the 13th-largest national economy by nominal GDP."
A study of the economies of both Australia and New Zealand, including an examination of their economic policies, industries, and relations with other countries.
Microeconomics: The study of individual economic agents, such as consumers, producers, and markets.
Macroeconomics: The study of the economy as a whole, including its overall performance, growth, and stability.
Accounting: The recording, analyzing, and reporting of financial transactions.
Cost accounting: The process of determining the costs of producing a product or providing a service.
Financial accounting: The preparation of financial statements for external stakeholders.
Managerial accounting: The process of analyzing and interpreting financial data in order to make informed business decisions.
Corporate finance: The science of managing money within a company.
Investments: The process of investing money in order to generate returns.
Financial markets: The places where investors buy and sell securities, such as stocks and bonds.
Financial institutions: Banks, credit unions, and other organizations that manage money and provide financial services.
Business law: The laws that govern business activities.
Marketing: The promotion of products and services.
Human resource management: The management of people within an organization.
Information technology: The use of technology to support business processes.
Operations management: The management of the processes that produce goods and services.
Entrepreneurship: The process of starting and building a new business.
Globalization: The increasing interconnectedness and interdependence of global economies.
Corporate social responsibility: The idea that businesses have a responsibility to be socially and environmentally responsible.
Public policy: The government policies that affect businesses and the economy.
Economic development: The process of improving the economic well-being of a country or region.
Microeconomics: This focuses on the behavior of individuals, households, and firms in making decisions regarding the allocation of limited resources.
Macroeconomics: This deals with the performance, structure, and behavior of the economy as a whole, including topics such as inflation, unemployment, and economic growth.
International economics: This analyzes the effects of international trade, foreign investment, and international financial institutions on the domestic economy.
Development economics: This examines the economic growth and development of countries, particularly those in the developing world.
Agricultural economics: This focuses on the production, management, and distribution of agricultural goods and services.
Environmental economics: This studies the impact of economic activities on the environment, as well as how to promote sustainable development.
Labor economics: This examines the labor market, including topics such as labor supply and demand, wage determination, and unionization.
Public finance: This analyzes the role of government in the economy and the impact of government spending and taxation policies.
Industrial organization: This explores how firms compete with each other in markets and the impact of various business strategies.
Financial economics: This deals with the management of financial resources, including financial institutions, markets, and investments.
Marketing: This examines the processes involved in creating, promoting, and distributing goods and services to consumers.
Management: This covers topics related to organizational behavior, strategy development, and implementing plans to achieve business goals.
Accounting: This involves the recording, analysis, and reporting of financial transactions and information.
Entrepreneurship: This explores the process of starting and managing a new business venture.
Supply chain management: This examines the coordination and optimization of activities involved in the production and distribution of goods and services.
Human resource management: This focuses on managing people in organizations, including topics such as hiring, training, and performance evaluation.
"Australia was the 19th-largest by PPP-adjusted GDP."
"Australia was the 21st-largest goods exporter."
"Australia was the 24th-largest goods importer."
"Australia took the record for the longest run of uninterrupted GDP growth in the developed world with the March 2017 financial quarter."
" It was the 103rd quarter and the 26th year since the country had a technical recession (two consecutive quarters of negative growth)."
"The Australian economy is dominated by its service sector, which in 2017 comprised 62.7% of the GDP."
"The service sector employed 78.8% of the labor force."
"At the height of the mining boom in 2009–10, the total value-added of the mining industry was 8.4% of GDP."
"The Australian economy had remained resilient and stable and did not experience a recession from 1991 until 2020."
"The Australian Securities Exchange in Sydney is the 16th-largest stock exchange in the world in terms of domestic market capitalisation."
"Australia's economy is strongly intertwined with the countries of East and Southeast Asia, also known as ASEAN Plus Three (APT), accounting for about 64% of exports in 2016."
"China in particular is Australia's main export and import partner by a wide margin."
"The country has also entered into free trade agreements with ASEAN, Canada, Chile, China, South Korea, Malaysia, New Zealand, Peru, Japan, Singapore, Thailand and the United States."
"The ANZCERTA agreement with New Zealand has greatly increased integration with the economy of New Zealand."
"Some of Australia's largest companies include Commonwealth Bank, BHP, CSL, Westpac, NAB, ANZ, Fortescue Metals Group, Wesfarmers, Macquarie Group, Woolworths Group, Rio Tinto, Telstra, Woodside Energy, and Transurban."
"Some of Australia's largest companies include Commonwealth Bank, Westpac, NAB, and ANZ."
"The Australian economy is dominated by its service sector and the mining industry."
"Australia is a member of APEC, G20, OECD, and WTO."
"The currency of Australia and its territories is the Australian dollar."