Australian economy

Australia’s economy is a mix of natural resources, services, and industry. It relies heavily on the export of minerals, energy, and agricultural products, especially to countries like China. Domestically, services such as healthcare, education, and tourism drive growth. The government manages economic stability through policies that support employment, inflation control, and infrastructure development. While it faces challenges like global market fluctuations and environmental concerns, Australia generally maintains steady growth, a strong labor market, and a high standard of living. Overall, its economy is resilient, balancing resource exports with innovation and services.