Economy:The economy of Australia is a prosperous,free market economy dominated by its service sector(68%of GDP),although the agricultural and mining sectors(10%of GDP combined)account for 57%of the nation's exports. The service sector-or tertiary economy-includes:banking,insurance and finance;the media and entertainment industries;consulting,tourism and retail; services provided by government,such as education,health and welfare;and other personal and business services.Economy: The economy of Australia is a prosperous, free market economy dominated by its service sector (68% of GDP), although the agricultural and mining sectors (10% of GDP combined) account for 57% of the nation’s exports. The service sector — or tertiary economy — includes: banking, insurance and finance; the media and entertainment industries; consulting, tourism and retail; services provided by government, such as education, health and welfare; and other personal and business services