Question

Compare and contrast the important economic activities of Australia and New Zealand.
ARIGATO
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Answer 1

Answer:

Australia and New Zealand are leading global producers of wool products. Both countries attract large numbers of visitors and have sound tourism and service sectors. Australia’s climate makes large-scale farming challenging, although the country does produce wheat, bananas, pineapples, sugarcane, and other products. Cattle and sheep ranching are more widespread. Australia is a leading producer of opal, bauxite, and lead. New Zealand, by contrast, has a far more fertile landscape. Major exports include beef, dairy, and fruits and vegetables. Mining is a smaller industry, but gold, limestone, coal, and natural gas also are found in New Zealand. Australia’s economy is larger and more diverse than New Zealand’s .

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Answer 2

New Zealand's economic ties with Australia are strong and their economic activities similar

Explanation:

• The service industry is the biggest, both in New Zealand & Australia, contributing more than 70 per cent of each nation's GDP, To both nations tourism is particularly important.
• A large number of tourists from across the globe come every year to New Zealand and Australia as they are draw to the unique natural environments, geographical features & animals of both these nations. Agriculture is a key sector, however, only a small contributor to the GDP of both nations. Australia is the world 's leading wool producer, and New Zealand is the major wool producer.
• Both nations are major dairy & meat manufacturers. For each nation, industry accounts for approximately "a quarter of GDP". For both nations, mining is crucial; Australia is the globe 's leading bauxite producer & produces also diamonds,  opals, coal & gold. The primary resources in New Zealand comprise coal, geothermal energy, limestone, & hydropower.