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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 ally Asia. India is recognized as a countrified that is the s up to nowth largest country (geographically speaking) and the second most populous country in the conception 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 instaurations twelfth largest economy (at market exchange rates) and the no. largest in acquire power. Over all, India is given the title of the pleasant-tasting Growing Large Open Economy. Australia is a country placed in the s outhern hemisphere in the Asia-Pacific region. Unlike India, which contains a third of the worlds race, Australia has a center population just over 20 million (July 2007 est.). A small population to that of Indias can be used to apo logize 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 nuclear 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 restrict use for agriculture. Hence, approximately 91% of the population lives in urban areas. Australias location within the Asia Pacific Region helps to gird its economy. Being a country rich in inborn resources, the Australian economy relies to a great extent upon the laid-back export price of raw materials and agricultural goods to hold out its economy. Austr alia is able to export these goods to countr! ies such as Japan, which is low on...If you gather up to get a full essay, order it on our website: BestEssayCheap.com

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