Australia is among the wealthiest country and as such has very many
Aussie made and owned companies that have grown and flourished to produce very exquisite and world-class services and products. The resources that Australia generates from every company be it local or foreign have made its economy grow into one of the fastest and has become a first-world nation. This has made them play a very big role in contributing to the uplifting of developing and under-developing countries and states that need their help. Discussed are a few Aussie made and owned companies that are have led to the immense growth of the country.
Woolworths
Woolworths Limited is an Australian company having its headquarters in Bella Vista, NSW, Australia that has been in existence since 1924 and was renamed in 2017 to Woolworths group. The founders of Woolworths include Cecil Scott Waine, Ernes William, Percy Christmas, Stanley Chatterton, and George Creed. This company has divided its wings into general merchandise, gambling groups, hotels, supermarkets, online Woolworths, liquor stores, and Woolworth’s finance. It has grown in the 96 years of their existence into a world-class retailing company that has offered the services of retail to very many people.
Commonwealth Bank
The Australian government in 1911, founded the Commonwealth Bank of Australia (CBA) that offers the best banking services such as mortgages, investment banking, private equity, corporate banking, investment management, finance and insurance, and lastly global wealth management. These services provided by CBA spread its wings to New Zealand, the United Kingdom, Asia, and the United States of America. The CBA has been so far rated the largest bank in the whole of the southern hemisphere.
Wesfarmers
The Westralian Farmers’ Co-operative Limited was founded in 1914, have their headquarters in Perth, Australia and has since flourished to be the largest private company in Australia. Wesfarmers Limited having been founded in Australia, has expanded to India, Ireland, and New Zealand. Wesfarmers Limited has been divided into bunnings, home improvement and office supplies, department stores, Kmart group, industrials, Wesfarmers resources, target, Wesfarmers chemicals, energy and fertilizer, and lastly Wesfarmers industrial and safety among other services they provide.
Conclusion
The economies of countries largely depend on the inputs of companies either those that are privately owned or government-owned. The revenues that come from such companies boost economies and as such improves the standard and livelihood of those in such countries such as the growing Australian economy.
