Is The Single Largest Provider Of Services In The Country Quizlet
The UK economic system
The UK economy is undergoing many changes. Every bit the UK approaches a post-industrial era, the land is looking to be economically and environmentally sustainable, with greater links to the wider earth.
Moving towards a post-industrial era
The UK has now entered a post-industrial era. This is a time when traditional industries have declined and new jobs take had to take their place.
The evolution of IT
The Information technology industry in the U.k. is worth £58 billion a year:
- Around 100,000 software companies operate in the United kingdom, eg Microsoft and IBM.
- The United kingdom has the largest mobile device market place in Europe, with effectually 80 million mobile subscriptions. This is worth an estimated £14 billion a yr.
- Cloud-based storage systems are a fast growing part of the U.k. economic system.
- Many United kingdom of great britain and northern ireland companies are looking to locate information centres closer to abode and so this is a growth area.
- The Great britain'south cyber security market place has grown, due to increased threats. This is worth almost £2.8 billion a year.
The growth of service industries
The service sector makes upwardly most 3-quarters of the United kingdom'southward economy. Services can include a range of job types, eg healthcare, Information technology support and entertainment. The United kingdom exports services also, examples of this are tourism and education. People from other countries travel to the United kingdom of great britain and northern ireland for these services and the coin generated from this counts towards UK exports. The UK is the second largest exporter of services globally.
Finance and inquiry
Fiscal jobs are to do with money. In the UK, these types of jobs include accountancy, working in banks and building societies, fiscal planning, insurance , investments and pensions . Large fiscal employers in the Great britain include Barclays, Aviva and KPMG.
The government believes that science and research are of import for the United kingdom of great britain and northern ireland's growth because they help discover new ways for the state to move forwards in a sustainable way. Science and inquiry takes place through government research councils, such as the Medical Research Council, higher pedagogy, like universities, and other organisations, such as the UK Space Agency.
Science and business parks
Science and business organization parks are special places for company offices. They are often found on the border of cities, like Bristol and Cambridge, where at that place is good accessibility . Many are located close to universities to attract graduates. Science and business parks are designed to be pleasant environments for people to work in. They are often low-ascension, with plenty of parking and dark-green spaces. The growth of science and business parks has helped IT, service, finance and research businesses to work together.
Source: https://www.bbc.co.uk/bitesize/guides/z332sg8/revision/2
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