Analysis of Australia Economy Executive Summary Australia is the 52nd most populated country in the world with about 20,680,743 people in 2006. Immigration has been a major factor in Australia's development since the beginning of European settlement in 1788 and most settlers came from Britain and Ireland. Australia has a Western-styled capitalist economy. Rising output in the domestic economy, robust business and consumer confidence, and rising exports of raw materials and agricultural products are fueling the economy. Wages and salaries were 2000 the principal source of income for households with middle and high income levels, while government pensions and allowances dominated for low income households. Australia has a lot of resources (EDR) as minerals. In the world, Australia�s ranking is: Australia's EDR of zinc, lead, nickel, mineral sands (retile and zircon), tantalum, uranium and brown coal remain the world's largest, while bauxite, black coal, copper, gold, iron ore, limonite, lithium, manganese ore, niobium, silver and industrial diamond rank in the top si......

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