The Economic System Of The Uk - 946 Words

Report by AI BING The economic system in the UK, and evaluate its effectiveness. Introduction Firstly, British economy introduction. Secondly, the top field in the UK. Then is fortune global 500. Finally, the economic impact to the people. The British economy as an important trade entity, economic power and financial center, is the world’s fifth-biggest economy, is one also the world’s most affluent, the most developed and one of the highest living standards in the world. It is important that British capital London is one of the world’s two big international financial centers, along with New York. This report will discuss the economic system in the UK, and evaluate its effectiveness. (Internations, 2016) Content The British economic system has six major categories. In agriculture, British agriculture is highly concentrated, highly mechanized and efficiency is very high. In heavy industry, Britain has large coal, natural gas and oil reserves. In tourist industry, Britain’s tourism industry is very important, each year more than 27 million Chinese tourists visit the UK, ranked seventh in the world. In manufacturing industry, Britain status has declined but we still manufacture petroleum products, computers, televisions and mobile phones. In service industry, particularly banking, finance, shopping, insurance and business services as a share of GDP, the largest and leading status in the world. In education, British education is a world leader include education andShow MoreRelatedU.s. Military Relations During World War II Essay1466 Words   |  6 PagesChurchill, underscores the military, diplomatic and economic cooperation that has existed between them ever since their successful alli ance during World War II, the shared cultural and historical identity between Britain and its ex-colony, and on a smaller scale the close personal relationships that existed between some of the leaders of both countries. 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