Geography of OceaniaOceania (UKˌoʊsiˈɑːniə,ˌoʊʃi-,-ˈeɪn- , USˌoʊʃiˈæniə , -ˈɑːn- ) is a geographical region that is described as a continent in some parts of the world. It includes Australasia, Melanesia, Micronesia, and Polynesia. Spanning the Eastern and Western hemispheres, at the center of the water hemisphere, Oceania is estimated to have a land area of and a population of around 44.4 million as of 2022. Oceania is described as a geographical region in most of the English-speaking world, but outside of the English-speaking world, Oceania is described as one of the continents.
Economic systemsAn economic system, or economic order, is a system of production, resource allocation and distribution of goods and services within a society. It includes the combination of the various institutions, agencies, entities, decision-making processes, and patterns of consumption that comprise the economic structure of a given community. An economic system is a type of social system. The mode of production is a related concept.
