Economy

Economy, it is a big topic, with lots of phrases unique to it. One topic you cannot miss is about the three sectors, they are the way working people are divided up. The Primary sector is the first sector; it covers the sections of the economy where people harvest the produce of nature. Farmers and miners fall into this category. The second sector obviously the second section; covers the people that take these produces and turn them into sellable/eatable products. Engineers and automobile producers are secondary sector workers. The last section is the Tertiary sector, people who work in the Tertiary section either sell the products or use the products, teachers and bankers fall into the Tertiary sector.
In Australia the majority of the work force works in the Tertiary sector, this is because the other two sectors use machines to complete lots of their tasks for them; in the Tertiary sector you cannot do this so much, hence needing more people to complete a productive amount of work.
The second sector makes up about 66.9% of all Australia’s importation; the second sector is the largest importer of goods, this is probably because the secondary sector covers vehicle manufacturing and such things, things where Australia imports lots because we cannot complete it ourselves.
The Primary sector is the largest sector for Australia’s exports, this is a bit weird as we have the least amount of workers in this section, but then if you think about it, it is the section that requires the least maintenance and probably has the highest amount of machinery which completes a large amount of work quickly.
It may not have any effects on Australia, especially in the long term, at the moment Asian countries are thought of as making products of lesser quality to America and Europe, this is probably because they are countries on the rise as appose to European countries and America already being established. In the future Asian countries will hopefully increase quality, although they may not, as their products at the moment are cheap to produce as they hire people in poverty stricken states for cheap labour, they create the products for almost no cost and then sell them for a relatively cheap price, cheaper than established countries who have to hire people at higher wages. I do not know what effect this will have on Australia.

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