Nobody downloaded yet

UK Recession Increase in Consumer Demand for Value Products - Dissertation Example

Comments (0) Cite this document
This paper “UK Recession – Increase in Consumer Demand for Value Products” aims at understanding the changes that have been facing in the country due to the recession. The major focus of this report is on consumer behavior and also the increase in consumer demand for value products…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER92.3% of users find it useful
UK Recession Increase in Consumer Demand for Value Products
Read TextPreview

Extract of sample "UK Recession Increase in Consumer Demand for Value Products"

Download file to see previous pages It is also essential to understand that during a period of recession, aspects of the economy like employment, industrial production, real income and also wholesale and retail sales will be affected and will show a drop. In simpler terms, the recession normally occurs when the level of ‘real national output’, shows a decline over two consecutive quarters. This causes the contraction and is seen in the total volume of production in the economy (Knoop, 2004). It is also important to understand that recession can be caused due to a sudden change in the domestic markets or even with an external shock from the external markets. A disturbance within the domestic markets or even the tightening up of the central bank could lead to the start of recession within the country.  The economies world over have been trying to develop after the major crash in 1970.  According to the deputy governor of the Bank of England, the world economy has a ‘long way to go’. According to Professor Bean’s bleak assessment, the United Kingdom has seen an undisturbed and unbroken expansion for over sixteen years. This, however, has now led the country to an end in economic growth. Professor predicts the country to see a full recession by the end of 2008. The Economy of the United Kingdom is the fifth largest in the world on the basis of the exchange rates and the sixth largest on the purchasing power parity (PPP). Also, the United Kingdom is one of the most globalized countries in the world. The Capital of the United Kingdom - London is the major financial center of the world. It is noted that the British economy has seen a chronic weak growth. According to the International Monetary Fund in 2007, the GDP per capita of the country is the ninth highest (Kirkup, 2008). The Government of the United Kingdom along with the support of the Bank of England have been trying to ensure that the countries economy improves. Over the years the economy of the United Kingdom has seen large variations in the economic conditions. The economy of the entire world has seen an enormous dip in 1970 with the oil shock in 1973. The Economic systems worldwide have seen an economic strain caused due to the prices of oil being increased which influenced the Bretton Woods System of international economic stabilization and the effects made by contraceptive pills on the social dynamics (Daley, 2008).
  ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
(UK Recession Increase in Consumer Demand for Value Products Dissertation, n.d.)
UK Recession Increase in Consumer Demand for Value Products Dissertation. Retrieved from
(UK Recession Increase in Consumer Demand for Value Products Dissertation)
UK Recession Increase in Consumer Demand for Value Products Dissertation.
“UK Recession Increase in Consumer Demand for Value Products Dissertation”, n.d.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document

CHECK THESE SAMPLES OF UK Recession Increase in Consumer Demand for Value Products

UK economy during 2008 recession

...Explain what UK government has done during 2008 recession using monetary and fiscal policy. The UK came into recession after hike in international oil prices that adversely affected UK’s trade bill and resulted in subsequent increase in energy prices within UK. The rapid increase in production costs due to higher costs of doing business resulted in inflation; thereby reducing consumer purchasing power and real incomes. For instance, the consumers sharply cut down their spending amid low real incomes, which led to negative GDP growth, aggregate...
4 Pages(1000 words)Essay

Consumer Products Report

...and innovative product idea, which outmatches the products of same product category of competitors (Herrick, 2007). In case of electronic appliance and gadget manufacturers, need for innovation and creativity increases as these manufacturers are perceived to be providing high quality technological gadgets that make customers’ life easier. Televisions were first introduced into the commercial market in late 1920s and since than, they have transformed into many forms, i.e. from simple cathode ray tube device to LCDs and than to LEDs. Televisions are undoubtedly the most purchased and utilized electronic device in the world and are used for communicating with the world...
8 Pages(2000 words)Research Paper

Environmental Studies - Consumer Products

...?Consumer Products Introduction The manufacture of consumer products contributes in a significant manner to the depletion of natural resources, sincethe production of consumer products depend to a very large extent on the bounty of nature like water, forestry, mining, and agricultural produce. Hence, consumer products and their use or consumption leaves a very large environmental footprint on our planet Earth (Keane, 2010, p.25). Evaluation of the history of humankind demonstrates that development of humankind has been linked with increased consumption of products. Since the industrial revolution in Europe, mass production came in to place to satiate the demand for consumer products, which was passed on to the European colonies... , with...
5 Pages(1250 words)Research Paper

CONSUMER PREFERENCE ABOUT BREAKFAST PRODUCTS that there could be a product that is manufactured to have a high nutritional value and at the same time be cost friendly with a new sense of flavor and finesse (Hoyer, 2008).. A lot has been done to target consumers by different brands but believe that there is still room for improvement. Second perspective, is that on the Saudi Arabians and their liking for having more than one meal during breakfast is time consuming when preparing the breakfast meals. Thirdly, the distribution in terms of breakfast cereals and products in the area was fairly done. The region still needs a boost to ensure adequate supply of cereal and breakfast...
4 Pages(1000 words)Assignment

Recession and Cosmetics Demand

...that this income is to be used to purchase goods and services a decline in this income means that the expenditure level will decline. Therefore a decline in their real income makes goods and services relatively expensive. In economics demand is influenced by a number of factors and this include price, price of substitutes and income. For a normal good as the price of this good increases then the demand for this product declines, assuming that all the goods in an economy are normal goods and that cosmetics are substitutes to highly luxurious goods then it is evident that a decline in the income of consumers will result into a relative...
4 Pages(1000 words)Research Paper

Recession in UK in the capital market. It thus resulted to asking the Bank of England to be given emergency funds. Because of this, the customers did not have faith with the bank any more and they thus started withdrawing their funds from the bank. The credit crunch has resulted in an increase in the price for mortgages in UK where mortgages have become expensive (UK Economy Ltd). Another factor experienced due to the recession is falling in prices for houses. This is as a result of the high cost of mortgages which has led to a fall in demand for houses. As a result, the price of houses has been forced to come down and this is a show that many are met with a negative...
5 Pages(1250 words)Essay

Nanomaterials in Consumer Products

...Introduction Na chnology is the way through which matter at a supramolecular, molecular or atomic scale to develop useful products in the industry. It involves manipulation of data with at least one dimension, 1 to 100 nanometres for macro level and fabrication products. Using this technology, the scientists will be able to come up with, materials having myriad applications. For example, it can include, medicine, biomaterials for energy production, and various other consumer products. However, on the other hand, nanotechnology has raised eyebrows on safety to both the human beings and the environment. At the same time in the business dimension, there are...
4 Pages(1000 words)Research Paper

Elasticity / Consumer choice and demand

...Elasti Consumer Choice and Demand According to Mankiw and Taylor, elasti is the extent to which consumers and producers are willing to change the quantities they demand and supply respectively in response to price change. Elasticity is represented in the demand and supply curves. One can calculate the elasticity by dividing the quantity supplied/demanded as a percentage of price change. In this regard, both demand and supply can either be elastic or inelastic. The demand/supply for a particular product can be said to be elastic if elasticity is greater than or equal to one otherwise the...
1 Pages(250 words)Essay

Consumer Products Safety Lawyer

...Consumer Products Safety Lawyer Do you know anything hotter than 54 °C or 130°F can burn your skin? Yes! It can and it is a proven fact. Then how can you take coffee that is as hotter as 82°C to 88°C or 180°F to 190°F. Are you thinking that you do not take such hot coffee? But you will be surprised to know if you are buying coffee from McDonalds then you are having coffee at this temperature and one day you might also burn your skin just like Liebeck, Bogle and some others when they bought coffee from McDonalds. Despite of people being burnt, McDonalds has insisted to offer coffee at this hot temperature. Now let me introduce myself, my name is Mr. XYZ and I am consumer...
2 Pages(500 words)Case Study

Nanomaterials in Consumer Products 1378). In the carbon arc discharge method, which is the most common and probably the easiest method of producing CNTs, two carbon rods placed on opposite directions are separated by a one millimeter distance between them. A direct current of about 100A is then driven by a potential difference of about 20 volts creating a high and increased temperature discharge between the electrodes. A small rod-shaped deposit forms on the surface of one electrode after some part of the first electrode is vaporized. The uniformity of the plasma arc and the temperature of the carbon rod deposit are what determine whether production of CNTs is possible in high scales. While this method is the simplest, it results to...
4 Pages(1000 words)Research Paper
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.

Let us find you another Dissertation on topic UK Recession Increase in Consumer Demand for Value Products for FREE!

Contact Us