This territory has one main university, but other tertiary colleges are coming up. Charles Darwin University is located here as well as the famous Bachelor Institute of Indigenous Tertiary Education.

The component of a business that includes all of the activities and functions that take place during the transfer of goods from the producers to the consumers is called commerce. This also takes place on a larger scale between nations.

Australia has a subsidized higher education for students pursuing the undergraduate degrees. They also give loan and grants for the post graduate students. Higher learning starts at undergraduate degree level to a doctoral degree offered in any field of study.

A bachelor's degree is given to students who fulfill the necessary requirements given by the college or university they are attending. The requirements include three to seven years of focus on a subject, typically referred to as a major or concentration.