Final answer:
Australia generally exhibits better life expectancy, healthcare, education, and economic stability compared to Nigeria, due to factors like economic stability and infrastructure; thus, Australia has a higher standard of wellbeing. However, disparities exist within both countries.
Step-by-step explanation:
When comparing Australia and Nigeria, indicators such as life expectancy, healthcare access, education, and economic stability are significantly different, with Australia generally faring better in these areas, which does not come as a surprise given its status as a developed country. Reasons that may explain these differences include Australia's higher levels of economic stability and infrastructure, which enable better healthcare systems and more accessible education. Additionally, technological advancements and efficient governance play crucial roles. Therefore, in terms of wellbeing, Australia tends to have a higher standard due to superior healthcare and education indicators. However, it is crucial to acknowledge that such data may not fully represent all individuals within each country as there can be significant disparities based on region, ethnicity, and social class.