This website uses cookies to ensure you have the best experience. Learn more

H Ello Essay

1484 words - 6 pages

International Trade Links Nations International trade involves the movement of goods, services and ideas between countries• It has grown as a result of globalisation• Australia is keen and has developed strong international trade links with other nations• Most importantly is in the Asia‐Pacific region• This is so because of the range and quantity of resources in Australia• What is International Trade? International trade involves exchanges between countries• International trade has grown as countries seek to produce products that have a "comparative advantage"

Comparative advantage is when a country is able to produce something more cheaply or efficiently than other countries.

Specialise in the production of the things they have a comparative advantage in○ Export these items to other nations○ Import items that other countries have a comparative advantage in○
Trade is great when they specialise in:•
By doing this, countries are able to meet the demands of its population• Benefits of Trade Most countries are both importers and exporters• In Australia, trade is important in determining the range of goods and services that consumers can buy

Efficient trade around the world can improve the standard of people around the world• Trade is beneficial for businesses• Australia's population of 21 million makes the market really small• International trade allows businesses to reach the world's population and tap into much larger markets

Leads to greater profits and employment in Australia• One in five jobs rely on export industries• 20% of Australia's GDP comes directly from exports• Australia's Place in World Trade International trade involves large sums of money • Australia's share of world trade is very low• In 2004, Germany, US, China, Japan and France were the 5 highest exporting countries, totalling 36.5%

In 2004, US, Germany, China, France and UK were the 5 highest importing countries, totalling 39.4%

Australia is ranked 26th and 19th in terms of exports and imports (1.2%) respectively in the world

Essential Trade Concepts Exports are the production of goods, services and ideas in one country and the sale of them to another

The exporting country receives payment from the country to which they were sold• Import are the purchase of goods, services and ideas that have been produced from another country

Geography Revision Notes
Page 1

The country that has produced the goods and services receives a payment from the country that imports them

Merchandise trade involves the movement of physical goods between countries• Service trade involves the movement of services between countries• Foreign exchange trade involves the flows of large sums of money•
Composition of Australia's Trade Mining and agriculture makes up a significant component of Australia's trade•...

Find Another Essay On HEllo

Hello Essay

1770 words - 8 pages Context: This part of the text is included at the beginning of the drama, telling the audience about Salem and its people. The author explains how a theocracy would lead to a tragedy like the Salem witch-hunts. This is the initial setting and is based on the principle that some people should be included and some excluded from society, according to their religious beliefs and their actions. This is basically the idea that religious passion, taken

Hello Essay

2645 words - 11 pages There are roughly 313,900,000 people living in the United States and within those people roughly 9,000,000 people categorize as either lesbian, gay, bisexual or transgender (gates). This statistic was calculated throughout many surveys issued in 2010 throughout all states in the United States. These statistics were presented in an article written by Gary J. Gates in April of 2011. Now that it is currently almost the year 2014 the number of

hello!

1197 words - 5 pages 'Fair is foul and foul fair' (1.1.?) This quote spoken by the three witches in the beginning of the story set the theme of the play. There are no rules, no moral guidelines. Macbeth, written by William Shakespeare, is a play in which the good turn evil. This archetypal transformation from the young, idealistic, promising character to a dark, evil one is apparent in hundreds of plays, novels, and stories throughout history. In this story, the

Hello

1415 words - 6 pages The National Security Agency (NSA) was created in 1952 and is headquartered in Forte Meade, Maryland. It is under the direction of the Department of Defense and reports to the Director of National Intelligence. Although classified, the NSA has an estimated 37,000 employees (1) and an estimated operating budget of about 11 billion dollars per year, for comparison the Central Intelligence Agency has an estimated 20,000 employees and an operating

Hello - 866 words

866 words - 4 pages 1. We use Internet everyday, but we actually don't know how it works, where is it and what is Internet. Learn more with this infographic. 2. Internet consists of millions of interconnected servers and represents a huge number of information, transmitted in the speed of light. This infographic will tell you more. 3. Internet is incorporated in our everyday life and changed the way we learn, work and socialize. This infographic will show you more

Hello - 1050 words

1050 words - 4 pages Introduction to The Forestry Industry With Canada containing 10 percent of all forests around the world, Canada definitely is the worlds leading exporter in a variety of forestry products. The forestry industry has not only provided a variety of jobs for people living in rural areas throughout Canada but it has increased our Canadian economy by billions of dollars in Gross Domestic Product. The forestry industry certainly has a long way to go

Hello - 597 words

597 words - 3 pages My application to the University of Richmond is prompted by my interest in a broad education in an environment motivated by diversity evidenced by a student body from over 70 nations. Balancing academics with extracurricular activities has been an integral part of my positive high school experience. The notion of “work hard, play hard, and give back” is one that I wish to carry through in my Richmond experience and beyond. My college search is

Hello - 983 words

983 words - 4 pages United Statessoccer league though not as popular as the major European soccer leagues has greatly grown over thepast few years. For a long period, the American soccer has lag behind other sports such as rugby, basketball as well as the famous American football. However, of late, the league is fast gaining popularity with the influx of stars coming from the prestigious European leagues (Jose, 12). These stars include the converted David Beckham

Hello - 1431 words

1431 words - 6 pages Social Foundations 1 Sample Mid-Term ExamProf. WashburnPart A. Please answer each question as fully as possible in the time you have.1. Smith, Hinduism. Some people are satisfied with ordinary pleasures, such as food, TV, a job, and some aren't. What explains the difference, according to Hindus?2. Smith, Hinduism. How do Hindus prepare for death?3. Bhagavad Gita. In chap. 10, Krishna explains his nature to Arjuna, but Arjuna is not satisfied

hello

2058 words - 8 pages What is a dreamDreams are successions of images, ideas, emotions, and sensations that occur involuntarily in the mind during certain stages of sleep.[1]The content and purpose of dreams are not definitively understood, though they have been a topic of scientific speculation, as well as a subject of philosophical and religious interest, throughout recorded history.The scientific study of dreams is called oneirology.[2]When does it occurDreams

hello

513 words - 2 pages PROPUESTA DE ÍNDICE PARA EL TRABAJO DE SÍNTESIS 1. Misión y visión Si encontráis algún documento en que estén escritas, transcribís la misión y la visión "oficiales" del documento. Si no, inventáis una misión y una visión a partir de vuestro conocimiento de la empresa 2. Valores Si encontráis algún documento en que estén definidos

Similar Essays

Hello, Daddy Essay

3235 words - 13 pages rude of me! The name is Brook. Brook Song." The Doctor froze, standing right in front of her. "Brooke...Song? Wait, do you spell Brook-" "B-R-O-O-K," the girl interrupted. "But that would mean..." the Doctor began. "But no, that's not possible..." "Hello, Daddy," Brook said, holding up her non-gun-wielding hand in welcome. As the Doctor (and Clara, for that matter) contined to stare at her in shock, she decided to push it forwards a bit further

Hello Essay 602 Words

602 words - 3 pages My aspiration to pursue dance in university is one that has stemmed from years of training and experience. The knowledge that there is history and meaning behind every movement makes me feel a great sense of dignity, as well as responsibility to do the art form justice. Dance has been an integral part of my life since I started taking ballet and tap classes at the age of three. Attending regular classes compelled me to become disciplined and

Hello Essay 2089 Words

2089 words - 9 pages The cynical act of deceiving the less clever is, in fact, the gracious act of conveying a “truth” to the same latter group. This ideal is constantly formulated by a central government for the sole purpose of maintaining the classes at the status quo. In George Orwell’s Animal Farm, an allegorical satirical novel, the subject of Orwell’s satire is the byproduct of a revolution with Communist roots symbolized by a rebellion on a farm by the

Hello Essay

897 words - 4 pages Political institutions have been part of humanity since the beginning of societies. Institutions have developed in different organizational performances and have shaped in what they are nowadays. Institutions have shown us that they are necessary and essential for all societies around the world. We never realize how important and how essential they are for our daily lives, but more than that, we never realize how institutions affect or influence