Essays on Australia

As of June 2018, the Australian economy had beaten expectation to post a big economic growth. According to data from RBA the country’s economic growth was at 3.4% (Hutchens, 2018). The aggregate supply statistics from the Australian Bureau of statistics show that exports contributed largely to the economic growth with...

Q1. Definition of Minimum Wage According to the Economic Theory Minimum wage is an economic principle specifying the least amount of remuneration that firms must provide to their workers in exchange for their labour over a given period of time (Abott, 2012). In most cases, the labour legislation is measured per...

Australia: Decentralized Policing Australia is a federal state with six states. Each state has its police force. Policing in Australia is decentralized. On the other hand, France has centralized policing; its national structure consists of two chief institutions: National Police and National Germandalie. Many municipalities have their own local policing organizations...

Germany: Germany borders nine countries such as Poland, Austria, Switzerland, and Denmark among others. It lies at latitudes of 470 and 550N and longitudes of 50n and 160E. The territories of Germany consist of 349,223km2 of land and an area of 7798km2 of water totalling to 357021km2. Furthermore, it is regarded...

(a) Why do some economists claim that we should not worry too much about inflation? The economists claim that, as a result of the under-read measure of the inflation since they don’t take account of qualitative improvements over time. A small amount of inflation makes it possible to give adequate...

The Mechanism and Transmission of Monetary Policy The mechanism and transmission of the monetary policy has become and major threat to the economic development and growth. In this regard, the monetary policy transmission can be referred to as the changes and amendments to the cash flow affect the economic growth, economic...

Australia's Economic Growth Australia is one of the major economic players in today's global market. The country's position on the platform has largely been augmented by the consistent growth in GDP over the past 27 years. The Australian success story is a culmination of several efficient budgetary and monetary policies which...

Two among the top twenty economies in the world by both nominal and purchasing power parity (PPP) adjusted Gross Domestic product (GDP), Australia and Japan are not only unique but also similar in a number of ways. While Australia has been struggling with balance of payment deficits due to its...

On 3rd to 7th September the students in Melbourne University went to polls to elect a new batch of student leaders for the year 2018/2019. The yearly elections are held to elect new leaders in University of Melbourne Student Union who represent all the UniMelb students. Polling stations in the university...

Identity and Nationalism Identity refers to a set of shared values and beliefs. Australianness is what constitutes the Australian identity. The identity does not stem from the geographical boundaries but the shared beliefs. Identity can be termed as a proxy of Nationalism (Coady, 2017). A nation is an imagined group of...

A contract is a formal agreement between two parties who willingly reach a consensus to exchange goods for goods, or goods for money (Corones, 2016, p. 11). In the sale of goods transaction, the parties to the contract are the seller, who owns the goods as well as the buyer,...

Australia's Adoption of Multiculturalism Australia received diverse culture after the migration that became its contemporary defining character during post-world war II. The government at the time of immigration provided societal organisation to help migrants integrate easily with the Australian natives. Despite multiculturalism not being regarded as the policy that shaped the...