Uk Economy

Business Environment Assignment#2 The UK Economy Done by: Saira The economy of the linked Kingdom is the balls sixth-largest national economy measured by both token(a) gross domestic product and purchasing power comparison (PPP). The UK has the third-largest national economy in europium measured by nominal GDP (after Germany and France) and the second-largest measured by PPP (after Germany). Its GDP per capita is ranked the 20th highest in the world in nominal terms and the 17th highest in PPP terms. The UK is a penis of the Commonwealth of Nations, the European Union, the G7, the G8, the G20, the International Monetary Fund, the Organisation for economic Co-operation and Development, the World Bank, the World Trade Organisation and the get together Nations. The British economy is made up (in descending distinguish of size) of the economies of England, Scotland, Wales and blue Ireland. In the 18th century the UK was the first country in the world to industrialise,and for much of the 19th century possessed a predominant role in the spherical economy.

However, by the new-fashioned 19th century, the Second Industrial Revolution in the United States and the German Empire caused an increasing challenge to Britains role as the leader of the global economy. The costs of fighting both the firstly World War and the Second World War hike up weakened the relative economic position of the UK, and by 1945 Britain had been superseded by the United States as the chief player in the global economy. However, the UK still maintains a significant role in the world economy. The UK is one of the worlds most globalised countries. London is the worlds largest fiscal centre alongside New York,has the largest city GDP in Europe and is home to the headquarters of more than 100 of Europes 500 largest companies.The aerospace industry of the UK is the second- or third-largest aerospace industry in the world, depending upon the mode of measurement.The British economy... If you want to get a full essay, order it on our website: Orderessay

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