Contact Us
Sign In / Sign Up for FREE
Go to advanced search...
Nobody downloaded yet

An Outlook of U.K Economy - Term Paper Example

Comments (0) Cite this document
"An Outlook of U.K Economy" paper identifies whether  the UKs economic decline has been reversed, and explains what role has economic policy played in the UKs economic performance. The Economy of the United Kingdom can be classified as the "capitalist" economy.  …
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER92.5% of users find it useful
An Outlook of U.K Economy
Read TextPreview

Extract of sample "An Outlook of U.K Economy"

Download file to see previous pages The UK has large coal, natural gas, and oil reserves; primary energy production accounts for 10% of GDP, one of the highest shares of any industrial nation. Services, particularly banking, insurance, and business services, account by far for the largest proportion of GDP while industry continues to decline in importance. GDP growth slipped in 2001-03 as the global downturn, the high value of the pound, and the bursting of the "new economy" bubble hurt manufacturing and exports. Output recovered in 2004, to 3.2% growth, then slowed to 1.7% in 2005 and 2.7% in 2006. “ (, 2007)

The most prominent characteristic of the capitalist economy is the control of few people on a large amount of Capital. These people are also responsible for taking important economic decisions.

     With the changing international circumstances the Governments of the world including United Kingdom felt the need of restricting the use of power of a specific group of people for their own commercial interests. This intervention resulted in shape of the British economy which can described as a "mixed" economy, with government playing an important role along with private enterprise.

     Although British people often disagree about exactly where to draw the line between their beliefs regarding, both free enterprise and government management, the mixed economy they have developed has been remarkably successful.

The natural resources are considered as the most important ingredient of a nations economic system. The United Kingdom is blessed with enormous reserves of minerals. The fertile soil and the moderate climatic conditions effectively eke the farming process.  The labour plays vital role in the growth of an economy. Higher level of working population is considered as an important indicator of a progressive economy.

The labour market of the U.K has always remained competitive due to an abundant supply of productive labour.  ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
(An Outlook of U.K Economy Term Paper Example | Topics and Well Written Essays - 1500 words, n.d.)
An Outlook of U.K Economy Term Paper Example | Topics and Well Written Essays - 1500 words.
(An Outlook of U.K Economy Term Paper Example | Topics and Well Written Essays - 1500 Words)
An Outlook of U.K Economy Term Paper Example | Topics and Well Written Essays - 1500 Words.
“An Outlook of U.K Economy Term Paper Example | Topics and Well Written Essays - 1500 Words”.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document

CHECK THESE SAMPLES OF An Outlook of U.K Economy

Outlook and policy statement

FED outlook and policy ment In the testimony provided by the FED Chairman before the Budget Committee, it has been d that the economic recovery that has been ensuing for the past couple of years is still continuing despite the slow progress in reducing the rate of unemployment in the US. The recovery process has been largely aided by the steps taken to ensure the stability of the financial system and expansions made to the monetary and fiscal policies coupled with a strong inventory cycle. However, the European debt problems that ensued halted the momentum gained from these policies and inventories and as a result the markets became volatile. However, with the recent hike in consumer spending with a 2 ? percent increase annually w...
2 Pages(500 words)Term Paper

Vitamin K

...?The Wonder Vitamin People need different kinds of vitamin in order to stay healthy. Vitamins differ in their effect on the body. They are usually found in the food people eat, and are especially needed for the body’s sustenance. However, there is one vitamin that newborn babies need and is injected hours after birth: vitamin K. Known to prevent bleeding in the brain, vitamin K has gained worldwide popularity and has been the subject of research in the past few decades. Discovered in 1929 by the Danish scientist, Henrik Dam, vitamin K has been known as the coagulation vitamin. Its name vitamin K comes from the German word “koagulations.” In his experiment, Henrik Dam (1935) investigated what will happen to chickens if their diet...
2 Pages(500 words)Essay

U choose

... The Art of Expressionism Introduction and Definition Expressionism or “AbEx” in the short form is a term that refers to a movement of largely non representative form of painting. Abstract expressionism came into the art scene in the post-World War II era. Its characteristics were extremely energetic applications of paint and messiness. Critics in the era viewed abstract painting as a youthful antagonism unworthy of the name “art”. Abstract expressionism is also known as Action Painting, Colour Filed Painting or Gestural Abstraction because the strokes of the painting brush revealed the artist’s process. The painting technique is the subject of art itself. According to Harold Rosenberg, Abstract Expression became an event... The Art of...
14 Pages(3500 words)Research Paper


...K-Swiss: Not Running Fast Enough K-SWISS Inc. 31248 Oak Crest Drive, Westlake Village, California 91361 Tel. (818) 706-5100 A sharp drop in sales, including a 34 percent drop in domestic sales, caused second-quarter 2007 profits to fall for K-Swiss Inc., the Westlake Village, California company founded in 1966 by two brothers from Switzerland, Art and Ernie Brunner, avid skiers who penetrated the sports footwear market with the first all-leather tennis shoes priced three times that of others in the market. In 1986, Steven Nichols bought the company for $20 million. Nichols was then the president of Strike Rite, the maker of Keds. In the next three years, the company was in crisis, but adopting a series of brilliant strategies, Nichols...
18 Pages(4500 words)Research Paper


... Lecturer: Review and Reflection A review and reflection on this unit’s work creates awareness on several issues that are very practical in everyday life. This work widely contributes and specifically contributes to and informs my current topic of choice (Smoking). Much as there is a call to quit smoking, every reference material starts all the way from the effects of smoking, to oneself and the environment. It gives specific details on cigarette chemical contents, the effects on the body, other side effects of smoking (like diseases) and the eventual effect on the entire body. The work therefore highly informs my current topic choice by nature of ability to dig deep into the echelons of a particular knowledge area and unearth... Lecturer:...
2 Pages(500 words)Assignment

Energy Outlook Report

... the stability of the economy of Russia. Therefore, a comprehensive analysis of the development and future outlook for the energy sector of Russia with respect to the global energy market perspective is significant in understanding and planning the development of the economy. The analysis of the future of the energy sectors in Russia and the global market is done to evaluate and analyse the strategies of the country with respect to the development of the energy market and the economy of the country. Discussion Global Energy Outlook The global energy landscape has been undergoing major transformations after the event of the economic crisis of 2008. The characteristics of the energy outlook has been demonstrating increasing volatility...
12 Pages(3000 words)Coursework


... Cancer and Attempted Suicide Most cancer patients are of the idea that they are factually dead. Existing research studies indicate that the identification of cancer presents a threat of suicide (National Cancer Institute). The danger is often higher just after the diagnosis. All the same, this often depends on the nature and curability of the cancer. While the cancer may still be remediable, the peril of suicide often increases during the first year owing to emotive nervousness. Poisoning is a common method of attempted suicide while hanging has led to the demise of most diagnosed individuals. Apart from AIDS, cancer is the only ailment that presents a life-threatening scenario in which the future is indeterminate. The patient... Cancer and...
2 Pages(500 words)Essay

Outlook of Gulf Politics

...POLITICS IN THE GULF Question How do you describe the political outlook of the Gulf Basin? The political outlook in the Gulf basin can be understood from a number of perspectives. Politics in the Gulf are largely based on religious factors. The Sunni and the Shia define sectarian politics in the Gulf to the extent that the power struggle between the two groups has always been a point of debate1. Sectarian politics in the Gulf basin are used by the elite to cause division and force a crisis between the groups2. The rulers in the Kingdom of Saudi Arabia, Bahrain, Iraq and Iran have perfected the art of causing division through sectarian tendencies to evade critical issues such human rights violations3. Essentially, politics in the Gulf basin...
1 Pages(250 words)Essay


.... The body is also effective because it shows how FF is one of the drivers of green economy since it less fuel means less CO2 released to the atmosphere. 4. Coordination of ad and advertisers website The ad coordinates with advertiser’s website as it aims at positioning itself well in the market. Since its purpose encompasses attracting customers through the illustrations, which prompts the company update its website often in trying to show each discount offer as well as financial opportunities that are available. This strategy is effective for it prompts numerous clients frequenting the site to find which offer is best and suitable based in terms of affordability as well as comfort. 5. How to improve the ad In enhancing the quality...
2 Pages(500 words)Assignment

Tanker Shipping Market Outlook

Great Lakes
I. Major Facts
Great Lakes Carriers currently has a capacity issue for diversifying into bulk freight, which would require retrofitting of the bulk carriers to accommodate new container delivering, something not achievable under the current business model. GLC has also visited many ports on the Great Lakes and determined that demand has reduced for grain and iron freight shipments and is forecasted to continue this downward slide. Further, if the business were to select this diversification strategy, how to establish better competitive advantage is a legitimate concern as it relates to pricing and the operational model. Finally, there would be capacity issues imposed by seaway regulations associated with allowa...
2 Pages(500 words)Case Study
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 Term Paper on topic An Outlook of U.K Economy for FREE!

Contact Us