INTRODUCTION

· Introduce both countries, including basic facts, eg population, economic system, government type, leader

THE ECONOMIC QUESTIONS

WHAT TO PRODUCE?

Australia: how do they determine what to produce and how much, this can be based on main industries, major exports.

Country 2: repeat

HOW TO PRODUCE?

Australia: what combination of resources do they use, why? Which resources does this country have an abundance of?

Country 2: repeat

FOR WHOM TO PRODUCE?

Australia: how do they determine who buys their products, which countries buy their exports?

Country 2: repeat

What are the main differences between how these 2 countries deal with the problem of Scarcity – why do these differences exist?

STANDARD OF LIVING

Begin by providing a general statement about the wealth of each country. Support this with economic data. This can be presented in tables, graphs, images etc.

How do the statistics/data link to their standard of living?

ANALYSIS/CONCLUSION

Why are their differences in the standard of living? Do these differences reflect on how the Economic Questions are answered?

BIBLIOGRPAHY