Impact of Agricultural Production on Australian Economy

Running head: IMPACT OF AGRICULTURAL PRODUCTION ON AUSTRALIAN
ECONOMY
IMPACT OF AGRICULTURAL PRODUCTION ON AUSTRALIAN ECONOMY
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IMPACT OF AGRICULTURAL PRODUCTION ON AUSTRALIAN ECONOMY
Executive Summary
Australia is a country which is considered one of the largest exporter of agricultural products.
Recently, Australia has suffered from drought. Thus, this report tried to analyze the effect
caused on the Australian economy and agricultural industry due to the harsh change in
climatic condition. By total demand and total supply, the impact had been analyzed. The
outcome of the report states that the total market fell due to the fall in net export. The net
export fell because of less production in the Agricultural industry. Hence, the Australian
economy faced a slowdown in Agricultural GDP growth. The government should implement
subsidy and bring innovation to the technology in order to increase agricultural production.

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IMPACT OF AGRICULTURAL PRODUCTION ON AUSTRALIAN ECONOMY
Table of Contents
Introduction................................................................................................................................3
Discussion..................................................................................................................................3
Issues related to the impact of agricultural production in the Australian economy and
Agricultural industry..............................................................................................................3
Conclusion..................................................................................................................................7
Reference....................................................................................................................................8