Australia officially known as the “Commonwealth of Australia” is a country comprising the mainland of the Australian continent, the island of Tasmania, and numerous smaller islands. Neighboring countries include Papua New Guinea, Indonesia and East Timor to the north; the Solomon Islands and Vanuatu to the north-east; and New Zealand to the south-east. It is the world's sixth-largest country by total area.
Geographically, Australia's landmass of 7,617,930 square kilometers is on the Indo-Australian Plate. Australia has 34,218 kilometers of coastline and claims an extensive Exclusive Economic Zone of 8,148,250 square kilometers. The world's smallest continent and sixth largest country by total area Australia owing to its size and isolation is often dubbed the "island continent", and is sometimes considered the world's largest island.
Australia has a market economy, a relatively high GDP per capita, and a relatively low rate of poverty. The Australian Securities Exchange in Sydney is the largest stock exchange in Australia and in the South Pacific and ranks 9th in the world in terms of market capitalization. There are frequent list Australian Food Science Journals of Research Australia is the largest alliance dedicated to making health and medical research a higher national priority.
In Physics, Medicine, Physiology, Literature and Economics, this nation produced 15 Nobel laureates so far. The Australian Research Council (ARC) is one of the Australian government’s two main agencies for allocating research funding to academics and researchers at Australian universities. The ARC funds research and researchers under the National Competitive Grants Program. Large numbers of Australian Food Science Journals are published. Several leading Institution in the country which have food science research including University of Melbourne, University of Sydney, Australian National University (ANU), University of Queensland (UQ), University of New South Wales, Monash University (MONASH) and others are spearheading the Science and Business studies.