Investigation of International Economies
What natural resources does this nation have ?
What natural resources does this nation have ?
Gold, iron,coal,limestone,wheat, barley, potatoes, pulses, fruits, vegetables; wool, beef, dairy products; fish and other minerak products.
What sectors of the economy are the biggerst employers ?
Biggest employers- today the main economic sector is service industries, which employ about 65 percent of the labor force.Nearly 25percent of the lobor force work in industry and construction and about 10percent work in agriculture.
How are economic decisions made? Who makes them ?
The decision to change or maintain New Zealand is monetary policy intentions. The consumer made the decision. Market economy
Find out what the most important (largest) industry is in this nation. Is it more labour - intensive or capital intensive? Explain.
New Zealand- the most important industry is dairy products, meat, wood and wood products, fish, machinery products are a profitable agricultural export and Imports eg. machinery and equipment, vehicles and aircraft, petroleum, electronics, textiles, plastics and other products.
Does this nation use advanced technlogy in its economy? if so provide an example.
yes, they products car and advanced machines for agriculture and other things.
What is one of the major economic problems faced by this nation (e.g.: unemployment, poverty, inflation, debt)? Explain how this problem effects this economy and what the government and/or businesses are doing to solve it.
In what ways is this nation's economy similar to and/or different to Australia's economy?
Free Trade Economy
