Please expound on the specific details and examples of each component of EPIC structure of Australia and what is the disadvantage of each EPIC structure component. ___________________ Economic: Economic Output: Australia's GDP was approximately 1.5 trillion USD in 2020, making it the 13th largest economy globally. Potential for Future Growth: Australia has a steady economy with the potential for growth in various industries, including healthcare, technology, mining, and agriculture. Ability to Attract FDI: Australia is an attractive destination for foreign direct investment due to its stable political and economic environment, skilled workforce, and modern infrastructure. Exchange Rate Stability: Australia has a floating exchange rate system, which ensures that the exchange rate is determined by market forces, resulting in stability and a lack of exchange rate risk for investors. Consumer Price Index (CPI): Australia's CPI is low, reflecting stable economic conditions and favorable living standards. Balance of Trade: Australia has a positive balance of trade, with exports outweighing imports, making it a favorable destination for investors. Politics:Ease of Doing Business: Australia is ranked 14th out of 190 countries in the World Bank's Ease of Doing Business report for 2020, indicating that the country has a favorable business environment. Legal and Regulatory: Australia has a well-established legal system that provides investors with a reliable and secure environment for doing business. Additionally, the government offers various incentives for foreign investors, making it an attractive destination for investment. Political Stability: Australia has a stable political environment, which ensures a predictable and safe investment climate for businesses. Intellectual Property Rights: Australia has robust intellectual property laws that protect investors' intellectual property rights, making it a favorable destination for investors. Infrastructure: PhysicalEnergy: Australia has a reliable and diverse energy supply, with renewable energy sources accounting for over 20% of the country's total electricity generation. Telecommunications: Australia has a modern telecommunications infrastructure, including high- speed internet and mobile networks, ensuring that businesses can communicate effectively and efficiently. Competence:-Labor Relations: Australia has a highly skilled workforce, with a robust education system that produces highly qualified workers. Additionally, labor relations are relatively stable, ensuring a reliable and productive workforce. Logistics Competence: Australia has a well- developed logistics infrastructure, including modern ports, airports, and rail networks, making it easy for businesses to transport goods. Educational Level: Australia has a highly educated workforce, with a high percentage of the population having a tertiary education. Customs and Security: Australia has a reliable and secure customs system that ensures the .

1. Please expound on the specific details and examples of each component of EPIC structure of
Australia and what is the disadvantage of each EPIC structure component.
___________________
Economic:
Economic Output: Australia's GDP was approximately 1.5 trillion USD in 2020, making it the
13th largest economy globally. Potential for Future Growth: Australia has a steady economy with
the potential for growth in various industries, including healthcare, technology, mining, and
agriculture. Ability to Attract FDI: Australia is an attractive destination for foreign direct
investment due to its stable political and economic environment, skilled workforce, and modern
infrastructure. Exchange Rate Stability: Australia has a floating exchange rate system, which
ensures that the exchange rate is determined by market forces, resulting in stability and a lack of
exchange rate risk for investors. Consumer Price Index (CPI): Australia's CPI is low, reflecting
stable economic conditions and favorable living standards. Balance of Trade: Australia has a
positive balance of trade, with exports outweighing imports, making it a favorable destination for
investors.
Politics:Ease of Doing Business: Australia is ranked 14th out of 190 countries in the World
Bank's Ease of Doing Business report for 2020, indicating that the country has a favorable
business environment. Legal and Regulatory: Australia has a well-established legal system that
provides investors with a reliable and secure environment for doing business. Additionally, the
government offers various incentives for foreign investors, making it an attractive destination for
investment. Political Stability: Australia has a stable political environment, which ensures a
predictable and safe investment climate for businesses. Intellectual Property Rights: Australia
has robust intellectual property laws that protect investors' intellectual property rights, making it
a favorable destination for investors.
Infrastructure: PhysicalEnergy: Australia has a reliable and diverse energy supply, with
renewable energy sources accounting for over 20% of the country's total electricity generation.
Telecommunications: Australia has a modern telecommunications infrastructure, including high-
speed internet and mobile networks, ensuring that businesses can communicate effectively and
efficiently.
Competence:-Labor Relations: Australia has a highly skilled workforce, with a robust education
system that produces highly qualified workers. Additionally, labor relations are relatively stable,
ensuring a reliable and productive workforce. Logistics Competence: Australia has a well-
developed logistics infrastructure, including modern ports, airports, and rail networks, making it

2. easy for businesses to transport goods. Educational Level: Australia has a highly educated
workforce, with a high percentage of the population having a tertiary education. Customs and
Security: Australia has a reliable and secure customs system that ensures the smooth flow of
goods and services. In conclusion, investing in Australia is a sound business decision due to its
favorable EPIC structure. Australia has a stable political and economic environment, a skilled
workforce, modern infrastructure, and robust intellectual property laws that protect investors.
Additionally, the country's logistics infrastructure, energy, and telecommunications sectors are
modern and reliable, ensuring that businesses can operate effectively and efficiently.