trade Flashcards
what do business put lots of effort into?
cheapest materials
Find the cheapest workers
Find materials that don’t naturally exist in their own country
Find ways to sell their product to as many people (including other businesses) as possible
what does australia export?
coal, iron ores, natural gas
what does australia import?
refined petroleum, motor vehicles, electronics
farmers?
super marets have a contract with farmers but little profit for farmers so they have farmers markets
where do we make sugar cane?
queensland
where do we make wheat?
victoria
where do we make rice?
victoria
export- benefits
tourism,health services and agriculture
who is the biggest exporter in the world?
china
australias top three trading partners?
china, japan, america
what does america offer in return?
military and defence
what does china offer in return?
goods
Which countries make (and sell) the most to other countries?
China exports electronic equipment and machinery
The U.S. exports more complex manufactured goods
Middle Eastern countries export oil and petrol
European countries have a lot of expertise and experience in making cars
Countries with low-paid workers and poor protections against slave and child labour produce a lot of clothing and shoes - eg: Mexico, Bangladesh, Vietnam.
How do these products get from one country to another?
mostly by boat
what do these countries rely on?
Massive container ships
Ports that are efficient (get the containers off the ships quickly)
Making sure pirates don’t hijack your ship (not joking)
