Australia in the Global Market · Global Markets
Trade and Specialization
Why nations trade and the concept of comparative advantage in the global supply chain.
Key Questions
- 1Why does Australia specialize in primary resources rather than manufacturing?
- 2What are the risks of a nation becoming too dependent on a single trading partner?
- 3How does global trade influence the variety and price of goods for local consumers?
ACARA Content Descriptions
AC9HE8K01
Year: Year 8
Subject: Economics & Business
Unit: Australia in the Global Market
Period: Global Markets
Suggested Methodologies
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