Question

Four (4) ways australia caters for economic diversity

Answer 1

Australia caters for economic diversity through trade agreements, tourism, import dependency, and export of raw materials.

Step-by-step explanation:

Australia caters for economic diversity in various ways:

1. Trade Agreements and Protectionism: Australia uses trade agreements and protectionism to protect its domestic industries and create opportunities for export.
2. Tourism: Tourism has become Australia's number one means of economic income. The country attracts tourists from around the world who contribute to its economic diversity.
3. Import Dependency: Australia imports manufactured products that it does not produce locally, contributing to economic diversity and trade.
4. Export of Raw Materials: Australia exports raw materials, such as minerals and agricultural products, which contributes to its economic diversity.