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The frugality of the landed estate explored to compare and contrast with the Australian economy is the economy of India. India is a rustic that is set(p) in abetter _or_ abettor Asia. India is recognized as a republic that is the s pull downth largest country (geographically speaking) and the second most populous country in the macrocosm with a world of 1.12 billion people (2007 est.). Ever since India achieved its independence, it has do huge steps into improving its economy. Currently, India is known as the debuts twelfth largest economy (at market exchange rates) and the ordinal largest in acquire power. Over all, India is given the title of the acerb Growing Large Open Economy. Australia is a country placed in the s exposehern hemisphere in the Asia-Pacific region. Unlike India, which contains a third of the worlds cosmos, Australia has a be population just over 20 million (July 2007 est.). A little population to that of Indias can be used to re lieve Australia and its economy. Australia with a population of only 20 million results in the economy to be small, but open economy. Even though the economy may be small, Australia is still considered to be atomic number 53 of the most developed western-world countries, surpassing even than those of the United Kingdom, Germany and France (in purchasing power).

Australia is the 53rd most populous country in the world, with a outgrowth rate averaging 1.4% each year. Despite the total land electron orbit of Australia being close to 2 persons per square kilometre, much of Australian land is arid, and thus of expressage us e for agriculture. Hence, approximately 91% ! of the population lives in urban areas. Australias location within the Asia Pacific Region helps to tone up its economy. Being a country rich in cancel resources, the Australian economy relies to a great extent upon the heights export price of raw materials and agricultural goods to hold out its economy. Australia is able to export these goods to countries such as Japan, which is low on...If you get hold of to get a full essay, order it on our website: OrderCustomPaper.com

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