- Country Overview: Australia
- Location: South East of Asia
- Size: 7,682,300.0 area sq km
- Population: 22,751,014
Australia is located in the South East of Asia. It’s size is 7682300.0 area sq km. With a population of 22,751,014 people, it makes it difficult for new producers entering the market. Every producer’s goal is to make money. With so many people, it may lead to a lot of producers. In addition this will also lead to competition and colliding with other producers. However, having a big population has it's good reasons too. For example, demand. If there is more people that want something but there isn’t enough for everyone, producers can raise the price. If this item is very valuable to people they will pay any price which will help producers making profit.
- Country Overview: U.S.A
- Location: North America
- Size: 9,161, 966 area sq km
- Population: 321,368,864
Country Overview:
United States is located in North America. It’s size is 9,161,966 area sq km. United States has a population of 321,368,864 people. Compared to Australia, United States has a much bigger population than Australia. As everyone knows, United States is known for their entrepreneurs. With so many producers entering the market will lead to much intense competition. Just like Australia, having a big population allows producers to also make more profit by raising prices on certain goods/services which are valuable to consumers. This is because of demand.