Causes of Economic Change in the UK Flashcards

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Note: We may include questions that have multiple correct answers. It’s useful to remember specific examples to understand these concepts better.

What is Industrial Structure?

Industrial Structure refers to the percentage of employment in different sectors of industry within an economy, including primary, secondary, tertiary and quaternary sectors.

What are the three stages of the Clark-Fisher Model?

The three stages are:

• Pre-Industrial stage (1700) – primary sector (mining, farming).
• Industrial stage (1750-1900) – secondary manufacturing.
• Post-Industrial stage (1900-current) – tertiary (services) and quaternary (research) sectors.

How have UK government policies impacted economic change?

De-industrialisation is the decline in traditional manufacturing industries, caused by:

• Shift to NEEs for cheaper labour.
• Mechanisation replacing industrial jobs.
• Growth in tertiary and quaternary sectors.

How have UK government policies impacted economic change?

Key impacts include:

• Post-WW2 state-run industry boom.
• Joining EEC in 1973 opened markets.
• 1980s factory and coal pit closures.
• Privatisation of state businesses.
• Brexit in 2020 causing company closures.

What is globalisation and its effects on the UK economy?

Globalisation involves increased world trade, foreign investment and communication.

It has led to the growth of the service sector, industry moving abroad, and interconnected global economies affecting the UK.

How did the 2008 financial crisis affect the UK?

The crisis caused a recession in the UK, making mortgages and loans harder to secure, and led to government policies focusing on lower taxes and greater personal financial freedom.

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