Mining, mining production and mining services have become increasingly competitive, with some companies now competing for the same customers.
What’s more, they’re increasingly concentrated in certain areas.
So the issue of “gig economies” is gaining prominence.
But what does “giga-merchants” really mean?
In a paper recently published in the American Economic Review, Professor Peter van Eenennaam and co-author Rachael Binder have argued that the term “giant corporation” is misleading.
The researchers argue that the gig economy is actually a term for a subset of industries that are increasingly concentrated.
These industries are predominantly in the energy sector, manufacturing and tourism.
“Gig economies are an extension of a more general economic and cultural transformation in the past 30 years, in which we’ve become more and more connected and interconnected, and the world is becoming increasingly diverse,” says van Eensaam.
This trend has been driven by a combination of changes in the way we consume goods and services, the ability to do so at low or no cost, and advances in automation.
“There’s a very high concentration of power in the hands of the few,” he says.
But there’s also a broader shift in the nature of the economy, as companies shift from a small, localised and geographically isolated set of businesses to the mega-businesses that dominate the landscape.
As the economy evolves, so too do the terms.
In Australia, for example, the term gig economy refers to the sectors of the mining industry that are now dominated by a single company.
While some industries, such as mining, manufacturing, telecommunications and real estate, are growing, the “gigs” are growing in other industries too.
It’s the same story for the mining companies themselves.
At the end of last year, the Australian Bureau of Statistics (ABS) released its 2016 Mining Industry Statistical Paper.
Its aim was to capture the changes in “giglobalisation” in the mining sector over the past 12 years, and provide a “gneuplication” of these changes.
With the advent of internet-based mining services, for instance, a large number of these industries are now available to more people in less time.
Some are also changing their marketing strategies.
For instance, the industry group for the National Mining Association (NNA), the biggest lobby group for mining companies, says that the rise of online mining is bringing about a “greater emphasis on social media marketing, where we now see a lot of opportunities for our members to engage with us through social media channels”.
“For many years, the mining company has been a very small part of our marketing efforts, but now we’re seeing it as a big part of what we do,” NNA president and CEO Craig Siddle said in a statement.
Indeed, the number of people mining on a daily basis in the US is rising, while mining services are booming.
Australian mining companies have been making their mark on the global market in recent years.
Their profits are driving the global economy.
Despite this, Australia’s miners are still struggling.
When it comes to profitability, the major mining companies are not earning enough to cover their expenses.
A major factor is that mining companies’ earnings are heavily dependent on the success of the services they provide, which is driven in part by the growing need for online mining services.
And while the industry is not facing a downturn in profitability, this is not necessarily the case across the country.
Instead, the growth in mining services is driving up prices for the country’s mines.
According to the ABS, the average mining company’s profit for the three months to March was $14.7 million, a jump of 13.5 per cent from the previous quarter.
That means mining companies need to make a profit every day to pay for their workers, rent equipment and fuel.
They also face higher capital costs, which are estimated to be $1.7 billion higher in the year to March.
By the end a year later, the national average mining profit was $17.9 million, an increase of 11.4 per cent.
These costs are being passed on to consumers.
Even as mining companies face high costs and low profitability, they also face a growing amount of debt.
Last year, mining companies paid $11.9 billion in cash and cash equivalents.
Although this is still relatively low compared to the mining boom of the 1980s, this debt is likely to continue growing as the industry continues to innovate and expand.
One of the biggest problems for Australian miners is that they don’t pay enough tax, and there is a growing demand for cheaper alternatives.
If they don, their businesses will become less competitive, and Australian businesses may struggle to compete with the likes of China, the US and other big