INVESTIGATION OF ECONOMICS IN THE UNITED KINGDOM

WHAT NATURAL RESOURCES DOES THIS NATION HAVE: Britain is much more resorceful in the mining industry than many would think here is a list of some of their natural resources:

-Coal

-Petrolium

-Natural gas found in the british sector of the north gas

-Zinc

-Tin

-Limestone

-Iron ore

-Salt

-Slate

-Clay

-Chalk

-Gypsum

-Lead

-Silica

-Arable



WHAT SEECTORS OF THE ECONOMY ARE THE BIGGEST EMPLOYERS:

The financial sector of the economy is one of the main employers of British workers. London is the financial capital of the United Kingdom with financial services based around two districts, The City and the Docklands.



HOW ARE ECONOMIC DECISIONS MADE? WHO MAKES THEM:

Economic decisions are made by the people and their demand for a certain good or service. For example if a company distributes margarine and butter to a supermarket and the consumers only buy butter are they going to keep selling margerine or buy more butter to sell.



FIND THE LARGEST INDUSTRY IN THE U.K. IS IT MORE LABOUR INTENSIVE OR CAPITAL INTENSIVE:

The finance industry is probably the most important industry in the U.K. it basicaly keeps the country running. The finance industry is very definately a more capital intensive industry, because it doesnt require any heavy lifting or physical work, it mainly requires you to work with a lot of figures and facts.

DOES THIS NATION USE ADVANCED TECHNOLOGY IN ITS ECONOMY, PROVIDE AN EXAMPLE:
Yes this nation is extremely advanced in terms of technology, many industries rely on technology to excell in that particular field. Industries such as the mining industry and construction work depend quite heavily on technology.

WHAT IS ONE OF THE MAJOR ECONOMIC PROBLEMS FACED BY THIS ECONOMY. WHAT ARE BUSSINESSES/GOVERNMENT DOING TO SOLVE IT?:
Government debt is quite a large scale problem in the UK with the debt alledgedly scaling up to 1.3 trillion pounds. So far the English government has made no plans to fix this large problem that threatens to ruin the UK economy.

IN WHAT WAYS IS THE UK'S ECONOMY SIMILAR TO AUSTRALIA'S:

The UK's economy is quite similar to australias in the way that they both have a market economy meaning that a lot of our economy is run by the people, and the government.