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Economy Of Victoria (state)
The 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 26km (16 miles) from Melbourne, leading to rushes. By the end of 1851, half the population of the colony were ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Melbourne Central Business District
The Melbourne central business district (also known colloquially as simply "The City" or "The CBD") is the city centre and main urban area of the city of Melbourne, Victoria, Australia, centred on the Hoddle Grid, the oldest part of the city laid out in 1837, and includes its fringes. The Melbourne CBD is located in the local government area of the City of Melbourne which also includes some of inner suburbs adjoining the CBD. The contemporary locality of Melbourne includes within its boundaries the Hoddle Grid plus the area of parallel streets just to the north up to Victoria Street including the Queen Victoria Market, but not the Flagstaff Gardens, and the area between Flinders Street and the Yarra River. It includes the grand boulevardes of St Kilda Road, Royal Parade and Victoria Street marking the entrance to Victoria Parade as well as extensive gardens including the Melbourne Botanical Gardens and Jolimont Yard. The Central City is the core of Greater Melbourn ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Australian Gold Rushes
During the Australian gold rushes, starting in 1851, significant numbers of workers moved from elsewhere in Australia and overseas to where gold had been discovered. Gold had been found several times before, but the colonial government of New South Wales ( Victoria did not become a separate colony until 1 July 1851) had suppressed the news out of the fear that it would reduce the workforce and so destabilise the economy. After the California Gold Rush began in 1848, many people went there from Australia, so the New South Wales government sought approval from the British Colonial Office for the exploitation of mineral resources, and offered rewards for finding gold. History of discovery The first gold rush in Australia began in May 1851 after prospector Edward Hargraves claimed to have discovered payable gold near Orange, at a site he called Ophir. Hargraves had been to the Californian goldfields and had learned new gold prospecting techniques such as panning and cradl ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Financial Centre
A financial centre ( BE), financial center ( AE), or financial hub, is a location with a concentration of participants in banking, asset management Asset management is a systematic approach to the governance and realization of value from the things that a group or entity is responsible for, over their whole life cycles. It may apply both to tangible assets (physical objects such as buildings ..., insurance or financial markets with venues and supporting services for these activities to take place. 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 can take place on venues such as Exchange (organized market), exchanges and involve Clearing house (finance), clearing houses, although many transactions take place Over-the-counter (finance), over-the-counter (OTC ... [...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, is an ongoing global pandemic of coronavirus disease 2019 (COVID-19) caused by severe acute respiratory syndrome coronavirus 2 (SARS-CoV-2). The novel virus was first identified in an outbreak in the Chinese city of Wuhan in December 2019. Attempts to contain it there failed, allowing the virus to spread to other areas of Asia and later COVID-19 pandemic by country and territory, worldwide. The World Health Organization (WHO) declared the outbreak a public health emergency of international concern on 30 January 2020, and a pandemic on 11 March 2020. As of , the pandemic had caused COVID-19 pandemic cases, more than cases and COVID-19 pandemic deaths, confirmed deaths, making it one of the deadliest pandemics in history, deadliest in history. COVID-19 symptoms range from Asymptomatic, undetectable to deadly, but most commonly include fever, Nocturnal cough, dry cough, and fatigue. Severe illness is more likely ... [...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. 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. Mariculture, commonly known as marine farming, refers specifically to aquaculture practiced in seawater habitats and lagoons, opposed to in freshwater aquaculture. Pisciculture is a type of aquaculture that consists of fish farming to obtain 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 environmental source of food and commercial product which help to improve healthier habitats and used to reco ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Fisheries
Fishery can mean either the Big business, enterprise of Animal husbandry#Aquaculture, raising or Fishing, harvesting fish and other aquatic life; or more commonly, the site where such enterprise takes place (wikt:AKA, a.k.a. fishing ground). Commercial fisheries include wild fisheries and fish farming, 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 fisheries law, legal regimes that vary widely across countries. Historically, fisheries were treated with a "first-come, first-served " approach, but recent threats by human overfishing and environmental issues have required increased regulation of fisheries to prev ... [...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 roam around and consume wild vegetations in order to convert the otherwise indigestible (by human gut) cellulose within grass and other forages into meat, milk, wool and other animal products, often on land unsuitable for arable farming. Farmers may employ many different strategies of grazing for optimum production: grazing may be continuous, seasonal, or 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, but studies show that the greatest benefit to biodiversity comes from removing grazing animals from the landsc ... [...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. When the plants of the same kind are cultivated at one place on a large scale, it is called a crop. Most crops are cultivated in agriculture or hydroponics. Crops may include macroscopic fungus (e.g. mushrooms) and marine macroalga (e.g. seaweed), some of which are grown in aquaculture. Most crops are harvested as food for humans or fodder for livestock. Some crops are gathered from the wild often in a form of intensive gathering (e.g. ginseng, yohimbe, and eucommia). 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 (medic ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Workforce
The workforce or labour force is a concept referring to the pool of human beings either in employment or in unemployment. It is generally used to describe those working for a single company or industry, but can also apply to a geographic region like a city, state, or country. Within a company, its value can be labelled as its "Workforce in Place". The workforce of a country includes both the employed and the unemployed (labour force). Formal and informal Formal labour is any sort of employment that is structured and paid in a formal way.Seager, Joni. 2008. The Penguin Atlas of Women in the World. 4th ed. New York: Penguin Books. Part 5 Unlike the informal sector of the economy, formal labour within a country contributes to that country's gross national product. Informal labour is labour that falls short of being a formal arrangement in law or in practice. It can be paid or unpaid and it is always unstructured and unregulated.Seager, Joni. 2008. The Penguin Atlas of Women in th ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Australian Banking Crisis Of 1893
The 1893 banking crisis in the Australian colonies involved the collapse of a considerable number of commercial banks and building societies, and a general economic depression. It occurred at the same time as the US Panic of 1893 (1893–1897). Foundations During the 1880s, there had been a speculative boom in the Australian property market. The optimistic climate was fostered by the commercial banks, and also led to the proliferation of non-bank institutions such as building societies; as they were operating in a free banking system, there were few legal restrictions on their operations, and there was no central bank or government-provided deposit guarantees. Consequently, these banks and related bodies lent extravagantly, for property development in particular, but following the collapse of the land boom after 1888, a large number of enterprises that had borrowed money found themselves unable to repay these debts, and many began to declare bankruptcy. Crisis Banks and non ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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