New Zealand: primary industry, manufacturing and service industryEvery society, whether a city, state, province or nation, revolves around an economy. Just as governments can be very different from one another, economies vary from one society to another. Economics is therefore an optimal path for the study of any nation. The synopsis of a national economy will reveal an extensive set of facts and characteristics unique to that nation; New Zealand's economy, for example, has recently shifted to an industrial economy, focusing on primary, manufacturing and service industries (Central Intelligence Agency, 2014). The history of the New Zealand economy skill. A common misunderstanding, the view that New Zealand's economy remains primarily based on sheep and wool in its production, is often held by those who know little about the nation. At one time, this presumption about economics was reasonably accurate. However, this is now an outdated and inaccurate description when it comes to New Zealand's changing economic status (Easton, 2013). From Agrarian to IndustrialBefore developing an independent industrial economy, New Zealand maintained an agrarian economy that was largely dependent on Britain. Many occupations and productions predominant in New Zealand's agrarian economy remain central to New Zealand's current economy. However, the change in the country's economic orientation has had a major impact on the scale of these productions or services and has changed the roles of different industries (Central Intelligence Agency, 2014). With empty primary industries... middle of paper ... is not as economically important as the dairy industry. Nonetheless, it represents almost exactly the same overall annual income as New Zealand's beef industry. Much like the beef industry, sheep production has gone up and down in recent years. In fact, the beef and sheep meat industries compete for position as the third largest agricultural sector. In 2011, statistics revealed that sheepmeat produced $81 million less than the beef industry that year (New Zealand Government, 2012). The fruit industry As number five on the 2011 list of major agricultural sectors in New Zealand, the fruit industry is almost as important as the previous two sectors, beef and sheepmeat. Like the rates of previous sectors, fruit production rates varied from year to year..

Essay / New Zealand: primary industry, manufacturing and service industryEvery society, whether a city, state, province or nation, revolves around an economy. Just as governments can be very different from one another, economies vary from one society to another. Economics is therefore an optimal path for the study of any nation. The synopsis of a national economy will reveal an extensive set of facts and characteristics unique to that nation; New Zealand's economy, for example, has recently shifted to an industrial economy, focusing on primary, manufacturing and service industries (Central Intelligence Agency, 2014). The history of the New Zealand economy skill. A common misunderstanding, the view that New Zealand's economy remains primarily based on sheep and wool in its production, is often held by those who know little about the nation. At one time, this presumption about economics was reasonably accurate. However, this is now an outdated and inaccurate description when it comes to New Zealand's changing economic status (Easton, 2013). From Agrarian to IndustrialBefore developing an independent industrial economy, New Zealand maintained an agrarian economy that was largely dependent on Britain. Many occupations and productions predominant in New Zealand's agrarian economy remain central to New Zealand's current economy. However, the change in the country's economic orientation has had a major impact on the scale of these productions or services and has changed the roles of different industries (Central Intelligence Agency, 2014). With empty primary industries... middle of paper ... is not as economically important as the dairy industry. Nonetheless, it represents almost exactly the same overall annual income as New Zealand's beef industry. Much like the beef industry, sheep production has gone up and down in recent years. In fact, the beef and sheep meat industries compete for position as the third largest agricultural sector. In 2011, statistics revealed that sheepmeat produced $81 million less than the beef industry that year (New Zealand Government, 2012). The fruit industry As number five on the 2011 list of major agricultural sectors in New Zealand, the fruit industry is almost as important as the previous two sectors, beef and sheepmeat. Like the rates of previous sectors, fruit production rates varied from year to year..

Navigation

« Prev 1 2 3 4 5 Next »

Get In Touch