New Zealand and Australia are two different countries on just opposite sides of the Tasman Sea. New Zealand can be characterized as having a moderately small population compared to many developed countries. Australia for example holds over five times the population of New Zealand. New Zealand’s small size makes it difficult for the country to have adequate domestic competition, making foreign competition very important to the domestic business market. New Zealand and Australia were originally settled by Britain and are ruled by Head of Commonwealth and monarch, Queen Elizabeth II. Both countries are multicultural with four main ethnic groups; the majority of the population in each country is European.
The government of New Zealand is Unitary …show more content…
The Executive branch is responsible for upholding the laws decided by the legislature. The last branch of the Australian government is the Judiciary branch; this branch is quite independent from the other two branches. The Judiciary branch is in charge of enforcing the laws and dealing with the ones who break them. Six colonies in Australia joined to create the Commonwealth of Australia and the Australian Government, each state is granted the power to make their own laws and regulations concerning any matter not controlled by the Commonwealth under Section 51 of the Constitution. (‘australia.gov.au’). The Commonwealth of Australia was formed in 1901 when the six independent British colonies decided to come together and form a new nation complying by the Australian Constitution. Each of the states that form the Commonwealth also has their own constitutions and branches of government. Other area in Australia that is not controlled by one of the Commonwealth states is considered to be a territory; these territories may be governed by the Australian …show more content…
Australia happens to have one of the largest mixed market economies in the world today. The economy has practiced an average steady growth of 3.5% on the GDP table over the past twenty plus years. Such significant growth is most likely due to the stable government and capitalistic driven economy of Australia. Australia’s economy boasts over $500 billion dollars in revenues, which is seven times the revenue produced by the New Zealand economy. (‘Index of economic’ hertiage.org) The free market in Australia is among the first five developed countries of the world, consisting of four parts: Trade, Financing, Manufacturing, and Services. Australia holds many natural resources such as copper, gold, coal and natural gas, and is a huge exporter of them. Even though Australia’s economic system is much larger, New Zealand’s economic system has shown great efficient growth and holds the ability to compete, just not quite on the level of Australia. New Zealand’s economic system is know to be the least corrupt in the world, causing it to run very efficient and smoothly and provide a high standard of living with low rates of poverty. (‘Index of economic’ hertiage.org) New Zealand does not quite have the natural resources available like Australia or other countries and is considered a standalone nation. The economy relies heavily on trade with the United States,
The government of New Zealand is Unitary …show more content…
The Executive branch is responsible for upholding the laws decided by the legislature. The last branch of the Australian government is the Judiciary branch; this branch is quite independent from the other two branches. The Judiciary branch is in charge of enforcing the laws and dealing with the ones who break them. Six colonies in Australia joined to create the Commonwealth of Australia and the Australian Government, each state is granted the power to make their own laws and regulations concerning any matter not controlled by the Commonwealth under Section 51 of the Constitution. (‘australia.gov.au’). The Commonwealth of Australia was formed in 1901 when the six independent British colonies decided to come together and form a new nation complying by the Australian Constitution. Each of the states that form the Commonwealth also has their own constitutions and branches of government. Other area in Australia that is not controlled by one of the Commonwealth states is considered to be a territory; these territories may be governed by the Australian …show more content…
Australia happens to have one of the largest mixed market economies in the world today. The economy has practiced an average steady growth of 3.5% on the GDP table over the past twenty plus years. Such significant growth is most likely due to the stable government and capitalistic driven economy of Australia. Australia’s economy boasts over $500 billion dollars in revenues, which is seven times the revenue produced by the New Zealand economy. (‘Index of economic’ hertiage.org) The free market in Australia is among the first five developed countries of the world, consisting of four parts: Trade, Financing, Manufacturing, and Services. Australia holds many natural resources such as copper, gold, coal and natural gas, and is a huge exporter of them. Even though Australia’s economic system is much larger, New Zealand’s economic system has shown great efficient growth and holds the ability to compete, just not quite on the level of Australia. New Zealand’s economic system is know to be the least corrupt in the world, causing it to run very efficient and smoothly and provide a high standard of living with low rates of poverty. (‘Index of economic’ hertiage.org) New Zealand does not quite have the natural resources available like Australia or other countries and is considered a standalone nation. The economy relies heavily on trade with the United States,