How Does Nike Affect The Economy Of Australia

Decent Essays
Economy of Australia is one of the largest mixed economies in the world, in 2013 the Australia’s total wealth is AUD$6.4 trillion and in 2015 the GDP of Australia is AUD$1.62 trillion. The taxation in Australia is divided into two parts which is federal taxation and state taxation. Australia government is also striving towards building a more adaptable labour market and augmenting the living standards. The healthy political, huge natural resources and its stable government led to phenomenal growth of the Australia economy.
One of the main reasons for Nike Inc. to set up their base in Australia is low labor cost. Nowadays, labor issues are very common in the factories of Nike Inc. But increase in living standards, the economic boom and the

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