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Economy Of Victoria (state)
The Victoria (state), state of Victoria is the second-largest economy in Australia after New South Wales, accounting for 23.24% of the nation's gross domestic product, valued at A$515.2 billion in 2022. The economy is primarily built upon financial services, agriculture, healthcare and social assistance, tourism and construction. Victoria's main exports are agricultural and pharmaceutical products, while the largest employer in the state is the healthcare and social assistance sector. Economic history Aboriginal Australians in Victoria primarily lived within a hunter-gatherer economic system with the effective adoption of the fire-stick farming method. In the early days of the 1820s, the pioneer European colonists arriving from the sea kept pushing the exploration boundary further inland to search for fertile grazing land. In 1851, gold was first discovered at Warrandyte which is 26 km (16 miles) from Melbourne, leading to Australian gold rushes, rushes. By the end ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Melbourne Central Business District
The Melbourne central business district (colloquially known as "the City" or "the CBD", and gazetted simply as Melbourne) is the city centre of Melbourne, Victoria, Australia. As of the 2021 census, the CBD had a population of 54,941, and is located primarily within the local government area City of Melbourne, with some parts located in the City of Port Phillip. The central business district is centred on the Hoddle Grid, the oldest part of the city laid out in 1837. It also includes parts of the parallel and perpendicular streets to the north, bounded by Victoria Street and Peel Street; and extends south-east along much of the area immediately surrounding St Kilda Road. The CBD is the core of Greater Melbourne's metropolitan area, and is a major financial centre in Australia and the Asia-Pacific region. It is home to several major attractions in Melbourne, including many of the city's famed lanes and arcades, the distinct blend of contemporary and Victorian architec ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Economic Opportunism
Economic opportunism is a term related to the subversion of morality to profit. There exists no agreed general, scientific definition or theory of economic opportunism; the literature usually considers only specific cases and contexts. Description There is no agreement about ''why'' this is so. Oliver E. Williamson comments: Market trade supplies no universal morality of its own, except the law of contract and basic practical requirements to settle transactions, while at the same time legal rules, however precise in their formulation, cannot control ''every last detail'' of transactions and the interpretation (or implications) thereof. Since economic opportunism must be assessed against some relevant norm or principle, controversy about what that norm or principle should be, makes a general definition difficult. *Economists frequently cannot even agree on the basic principles of the functioning of economic life, and consequently what constitutes a deviation from those principle ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Victorian Chamber Of Commerce And Industry
The Victorian Chamber of Commerce and Industry (VECCI) is a not-for-profit business organisation in Victoria, Australia. It informs and supports 47,000 members and clients across the state. Founded in 1851 with headquarters in Melbourne, the group is focused on providing policy leadership, information, representation, training and networking opportunities. The Victorian Chamber employs around 220 staff across its Melbourne, Ballarat, Bendigo, Geelong, Wodonga and Traralgon offices. History The Victorian Chamber was founded as the Melbourne Chamber of Commerce in 1851. It was Victoria's first business organisation. The Chamber's members – bankers, accountants, financiers, merchants, importers, lawyers, ship owners and agents, manufacturers and stock, share and product brokers – sought to advance trade and commerce and make Melbourne one of the world's great free ports. It helped to establish the Melbourne Harbor Trust The Melbourne Harbor Trust was established in 1877 to ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Economy Of Australia
Australia is a Developed country, highly developed country with a mixed economy. As of 2023, Australia was the List of countries by GDP (nominal), 14th-largest national economy by nominal GDP (gross domestic product), the 19th-largest by Purchasing power parity, PPP-adjusted GDP, and was the List of countries by exports, 21st-largest goods exporter and List of countries by imports, 24th-largest goods importer. Australia took the record for the longest run of uninterrupted GDP growth in the developed world with the March 2017 financial quarter. It was the 103rd quarter and the 26th year since the country had a technical recession. As of June 2021, the country's GDP was estimated at $1.98 trillion. The Australian economy is dominated by its service sector, which in 2017 comprised 62.7% of the GDP and employed 78.8% of the labour force. At the height of the mining boom in 2009–10, the total value-added of the mining industry was 8.4% of GDP. Despite the recent decline in t ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Financial Centre
A financial centre (financial center in American English) or financial hub is a location with a significant concentration of commerce in financial services. The commercial activity that takes place in a financial centre may include banking, asset management, insurance, and provision of financial markets, with venues and supporting services for these activities to take place. Global financial system#Participants, Participants can include Financial intermediary, financial intermediaries (such as banks and brokers), institutional investors (such as investment managers, pension funds, insurers, and hedge funds), and issuers (such as companies and governments). Trade, Trading activity often takes place on venues such as Exchange (organized market), exchanges and involves Clearing house (finance), clearing houses, although many transactions take place Over-the-counter (finance), over-the-counter (OTC), directly between participants. Financial centres usually host companies that offe ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Home Construction
Home construction or residential construction is the process of constructing a house, apartment building, or similar residential building generally referred to as a 'home' when giving consideration to the people who might now or someday reside there. Beginning with simple pre-historic shelters, home construction techniques have evolved to produce the vast multitude of living accommodations available today. Different levels of wealth and power have warranted various sizes, luxuries, and even defenses in a "home". Environmental considerations and cultural influences have created an immensely diverse collection of architectural styles, creating a wide array of possible structures for homes. The cost of housing and access to it is often controlled by the modern realty trade, which frequently has a certain level of market force speculation. The level of economic activity in the home-construction section is reported as housing starts, though this is contrarily denominated in terms ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
COVID-19 Pandemic
The COVID-19 pandemic (also known as the coronavirus pandemic and COVID pandemic), caused by severe acute respiratory syndrome coronavirus 2 (SARS-CoV-2), began with an disease outbreak, outbreak of COVID-19 in Wuhan, China, in December 2019. Soon after, it spread to other areas of Asia, and COVID-19 pandemic by country and territory, then worldwide in early 2020. The World Health Organization (WHO) declared the outbreak a public health emergency of international concern (PHEIC) on 30 January 2020, and assessed the outbreak as having become a pandemic on 11 March. COVID-19 symptoms range from asymptomatic to deadly, but most commonly include fever, sore throat, nocturnal cough, and fatigue. Transmission of COVID-19, Transmission of the virus is often airborne transmission, through airborne particles. Mutations have variants of SARS-CoV-2, produced many strains (variants) with varying degrees of infectivity and virulence. COVID-19 vaccines were developed rapidly and deplo ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Aquaculture
Aquaculture (less commonly spelled aquiculture), also known as aquafarming, is the controlled cultivation ("farming") of aquatic organisms such as fish, crustaceans, mollusks, algae and other organisms of value such as aquatic plants (e.g. Nelumbo nucifera, lotus). Aquaculture involves cultivating freshwater, brackish water, and saltwater populations under controlled or semi-natural conditions and can be contrasted with commercial fishing, which is the harvesting of wild fish. Aquaculture is also a practice used for restoring and rehabilitating marine and freshwater ecosystems. Mariculture, commonly known as marine farming, is aquaculture in seawater habitats and lagoons, as opposed to freshwater aquaculture. Pisciculture is a type of aquaculture that consists of fish farming to obtain Fish as food, fish products as food. Aquaculture can also be defined as the breeding, growing, and harvesting of fish and other aquatic plants, also known as farming in water. It is an environme ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Fisheries
Fishery can mean either the enterprise of raising or harvesting fish and other aquatic life or, more commonly, the site where such enterprise takes place ( a.k.a., fishing grounds). Commercial fisheries include wild fisheries and fish farms, both in freshwater waterbodies (about 10% of all catch) and the oceans (about 90%). About 500 million people worldwide are economically dependent on fisheries. 171 million tonnes of fish were produced in 2016, but overfishing is an increasing problem, causing declines in some populations. Because of their economic and social importance, fisheries are governed by complex fisheries management practices and legal regimes that vary widely across countries. Historically, fisheries were treated with a "first-come, first-served" approach, but recent threats from human overfishing and environmental issues have required increased regulation of fisheries to prevent conflict and increase profitable economic activity on the fishery. Modern jurisd ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Grazing
In agriculture, grazing is a method of animal husbandry whereby domestic livestock are allowed outdoors to free range (roam around) and consume wild vegetations in order to feed conversion ratio, convert the otherwise indigestible (by human digestive system, human gut) cellulose within grass and other forages into meat, milk, wool and other animal products, often on land that is unsuitable for arable farming. Farmers may employ many different strategies of grazing for crop yield, optimum production: grazing may be continuous, seasonal, or rotational grazing, rotational within a grazing period. Longer rotations are found in ley farming, alternating arable and fodder crops; in rest rotation, deferred rotation, and mob grazing, giving grasses a longer time to recover or leaving land fallow. Patch-burn sets up a rotation of fresh grass after burning with two years of rest. Conservation grazing proposes to use grazing animals to improve the biodiversity of a site. Grazing has existed ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Crop
A crop is a plant that can be grown and harvested extensively for profit or subsistence. In other words, a crop is a plant or plant product that is grown for a specific purpose such as food, Fiber, fibre, or fuel. When plants of the same species are cultivated in rows or other systematic arrangements, it is called crop field or crop cultivation. Most crops are harvested as food for humans or fodder for livestock. Important non-food crops include horticulture, floriculture, and industrial crops. Horticulture crops include plants used for other crops (e.g. fruit trees). Floriculture crops include bedding plants, houseplants, flowering garden and pot plants, cut cultivated greens, and cut flowers. Industrial crops are produced for clothing (fiber crops e.g. cotton), biofuel (energy crops, algae fuel), or medicine (medicinal plants). Production There was an increase in global production of primary crops by 56% between 2000 and 2022 to 9.6 billion tonnes, which represents a 0 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Workforce
In macroeconomics, the workforce or labour force is the sum of people either working (i.e., the employed) or looking for work (i.e., the unemployed): \text = \text + \text Those neither working in the marketplace nor looking for work are out of the labour force. The sum of the labour force and out of the labour force results in the noninstitutional civilian population, that is, the number of people who (1) work (i.e., the employed), (2) can work but don't, although they are looking for a job (i.e., the unemployed), or (3) can work but don't, and are not looking for a job (i.e., out of the labour force). Stated otherwise, the noninstitutional civilian population is the total population minus people who cannot or choose not to work (children, retirees, soldiers, and incarcerated people). The noninstitutional civilian population is the number of people potentially available for civilian employment. \begin \text &= \text + \text \\ & ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
