The economy of great britain
What place does the United Kingdom hold in the world and in Europe? .the United Kingdom hes the fourth largest economy in the world , the second in Europe.
2. What is the United Kingdom composed of? the United Kingdom composed of England , Scotland and Wales on the island of Great Britain and Nothern Ireland on the island of Ireland.
3. What type of the economy does Great Britain have? Great Britain hes a mixed private and public enterprise economy.
4. What does the government do to make the British economy more efficient? to make the British economy more efficient the government tries to stimulate innovations in industry, encourage competition , reduce taxes, promote export.
5. What has been a key part of British economy for centuries? Trade has been a key part of British economy for centuries
6. What has its prosperity been dependent upon? Its prosperity hes been dependent upon the export of manufactured goods in exchange for row materials and foodstuffs.
7. What can you say about the international trade of Great Britain? Great Britain*s trede focus has shifted from the US to the Eurupean Community.
8. What does Great Britain export and import? Great Britain exportsare manufactured goods such as electrical and electronic equipment , machinery , chemical , textile fibers , irone and steel.
The leading imports are manufactured and consumer goods , foodstuffs .industrial and electrical machinery .
9. What sectors can the British economy be divided into? What does each deal with? British economy cen be divided into three main sectors: 1 primary industries that deal with providing raw materials and food from the land and the sea. 2 manufacturing ibdustries thet deal with making finished goods from raw materials. 3. service industries thet deals with providing a wide variety of services.
10. Why is the country self-sufficient in energy? By successfully exploiting oil and gas from the North Sea Britain has become self-sufficient in energy.
11. What mineral resources does the country possess? country possess such mineral resources as iron ore , tin , salt , gypsum and lead.
12. What is British agriculture known for? The British agriculture known for its high efficirncy and productivity according to European standarts and based on modern technology and research.
13. What are British farms engaged in? The British farms engaged in dairy or beef cattle breeding and cheep-raising.
14. Production of what goods does manufacturing cover? manufacturing covern production such goods as textiles , wood and metal products , paper , plastics, rubber .
15. What new industries has Britain made important advances in? Britain hes made important advances in electronics and telecommunications equipment, radio-isotopes and new medicines.
16. Why does Great Britain remain one of the most highly industrialized countries of the world? Great Britain one of the most highly industrialized countries of the world because
17. Why is electronic data-processing equipment growing? What are the main electronic consumer goods produced in the UK? Electronic data-processing equipment growing because there are a lot of advanced technologies in microelectronics. The main electronic consumer goods produced in the UK are televisions sets , electronic control equipment.
18. What can you say about the central bank of England? What is it responsible for? the central bank of England is the bank of issue in Englend and Wales. It is responsible for monetary policy of the country and also manages the country*s foreign exchange and gold reserves.
19. What is the basic unit of currency in Britain? What did the British government decide about euro? The pound sterling is the basic unit of currency in Britain. British government decided not to adopt the euro and keep the pound as its currency.
20. Why does government support and promote tourism? government support and promote tourism because its account about 3.5% of GDP.
21. What can you say about the London Underground? London Underground operate more then 400 km of railway.