Trade, manufacturing, services and financing are the four fundamental components of the Australian economy; it is dominated by the services sector (70% of GDP), although the agricultural and mining sectors account for 57% of the country's exp­orts and be considered the 'driving force', despite the mining sector's slow decline. ... As of 2013, the labour force participation rate rose to a new high in Singapore. Females and older residents joined the labour force, raising labour force participation rate for the second consecutive year to a new high of 66.7% as shown in Figu...

• Word Count: 2267
• Approx Pages: 9
• Has Bibliography
• Grade Level: Undergraduate

In the past decade, globalisation has become one of the greatest driving force or dominant economic political and social theme. It involves the process of breaking down the international boundaries which will increase integration between different countries and have an international influence on all...

• Word Count: 377
• Approx Pages: 2
• Grade Level: Undergraduate

It is the technology that is driving what has often been called "the information revolution" or what business gurus like to call, the " the network society." ... All of this proves that the consumers purchasing habits will increase forcing businesses to produce more and so this will increase the cycle of production. ...

• Word Count: 881
• Approx Pages: 4
• Grade Level: Undergraduate

China still continues to generate a strong demand for labor force. ... Furthermore, declining labor force has resulted in inflation of wages. ... As a result of the above factors, the force driving China economic growth is declining. ...

• Word Count: 2232
• Approx Pages: 9
• Has Bibliography
• Grade Level: Undergraduate

Economic development and growth is sought after and important to the overall development of every country on this earth. Economic development is said to be a long term phenomenon which studies how economic circumstances change over time and how they can be made to change. While there is no scientific formula that itself measures the development of one country, development usually coincides with the economic growth of a country. Economic growth said to be the result of the improvements a country makes on four key areas. These area's are saving & investments, technology and labour, res...

• Word Count: 2348
• Approx Pages: 9
• Grade Level: Undergraduate

Forcing states to reduce investment in basic provision Non-western states have been told to reduce intervention in their economy, as this would allow the emergence of a free market economy and in addition release funds that would allow the servicing of debt. ...

• Word Count: 3797
• Approx Pages: 15
• Grade Level: Undergraduate

Comparative Economic Systems It would be extremely easy to state that economics is an area of study that seeks efficient use of scarce resources to satisfy unlimited wants and that economic systems simply refer to the outcomes of economic activities, which are influenced by social, natural and political settings. However, it is clear that economics goes far beyond utilizing resources or levels of development and by comparing different economic systems one can analyze their importance and influence on other sectors of society. Apart from affecting other sectors, an economic system is also ...

• Word Count: 4711
• Approx Pages: 19
• Has Bibliography
• Grade Level: Undergraduate