Political: Australia's type of government is a federal parliament, where people directly choose their government with the help of a compulsory voting system also followed by 36 other nations. The current Prime Minister of Australia is Scott Morrison who belongs to the Liberal Party. Currently, this country is facing some major problems, such as the strained relationship with Indonesia, asylum for asylum seekers, and sometimes unstable political conditions in the country. Say no to plagiarism. Get a tailor-made essay on "Why Violent Video Games Shouldn't Be Banned"? Get an original essay According to the World Bank in 2016, Australia ranked 94.09% in terms of accountability and voice, this measures the ability and suitability of a country's population to choose a government. Since 1924, voter turnout in Australia has been 95%, the highest in the entire world. Australia is also enjoying its good relations with other nations like China, Japan, USA and India, etc. Australia's largest trading partner is China and its second largest is the European Union. In 2018, both countries launched free trade agreements that will increase their trade and also their profit. In 2005, Australia and the United States adopted free trade policies and rules, and both countries currently follow them. India is also working on free trade policies with Australia and these are coming soon. JAEPA (Japan-Australia Economic Partnership Agreement) is the most liberal agreement signed by Japan that helps the country grow with the latest technologies. Indonesia and Australia are planning to enter into an agreement on trade as Comprehensive Economic Partnership Agreement IA-CEPA Indonesia Australia. If this is achieved, many trade avenues will open for both countries. So, these are all the agreements that will influence the growth of the country and even increase it. So if we start selling Minute Maid here, it will be a great platform to get good market and good profit for the product. Political stability is very common nowadays, so companies are used to these conditions, so this will not be a big problem. And the conflict with Indonesia is not a big problem, even if they are planning to do business. Minute Maid will definitely get a good entry into the market and will remain there as the strongest juice ever (MarketLine, 2017). Economic Analysis: Australia's services market is an essential aspect of their economy. The services sector contributes around 72.18% to Australia's GDP in 2017 and in the future the CAGR will be 4.2% between 2018 and 2022. Australia is also known for FDI (foreign direct investment), which also help the country to grow in the economic sector better. According to the World Bank, net direct investments in 2017 amounted to 3.68% of GDP. Furthermore, trade, exports and monetary policies have increased the country's growth. Sometimes youth's lack of power affects his performance. With the help of mining industries, Australia is growing every day. The Australian banking sector is trying to address funding market disruptions which are improving rapidly compared to recent years. In other words, Australia's deficit is now shrinking with the help of new banking policies and mining revenues. So, it will be a better market for our product (MarketLine, 2017). Social analysis: The Australian government is doing well in human development, including healthcare, education and income. According to the "Human Development Report 2018", the country ranks second among 189 countries in the world. The education and health sectors,, 2017).
tags