5a.4 - Employment Structures Flashcards
How can the government stimulate economic growth?
By providing ideal conditions such as infrastructure investment and policy support.
Which areas might the government target for economic growth?
Already growing areas like London and M4, or areas in decline.
Who is primarily responsible for economic growth?
Private businesses, as they create jobs, build houses, and increase productivity.
What are the four key components of economic growth?
Employment, income, production, and spending.
What happens to money flows during economic growth?
Money flows increase due to higher employment and consumer spending.
Which sectors have declined in some areas of the UK?
The primary and secondary sectors, including brick-making and engineering.
What impact has the decline of brick-making and engineering had on some regions?
Job losses and economic restructuring.
How could increasing the housing supply impact local economies?
It could lower house prices and attract young professionals and families.
How does Buckinghamshire’s grammar school system affect migration?
It attracts young professional families but may push out older families.
What is the East West Rail (EWR) project?
A railway project aimed at improving transport and boosting economic growth.
What short-term jobs does East West Rail create?
Construction and engineering jobs.
How can East West Rail support tertiary and quaternary sectors?
By improving connectivity and enabling commuting to key hubs.
What impact would East West Rail have on transport?
It would reduce traffic congestion and the transport footprint in the Home Counties.
What are some key industries in Oxford and Cambridge?
Tech startups, pharmaceuticals (e.g., AstraZeneca), and AI.
What planning restriction affects growth in Oxford and Cambridge?
Green Belt laws, which limit new developments and put pressure on housing, schools, and healthcare.
How could larger cities attract more workers?
By offering a range of skilled and unskilled job opportunities.
What industries are growing in Milton Keynes?
Digital service-sector companies and logistics hubs.
How does rising income among homeowners impact the local economy?
It increases demand for retail and leisure services.
What advantages does Milton Keynes have for development?
Affordable housing and well-planned road and transport infrastructure.
How can the government reform planning laws to support growth?
By allowing more houses to be built and even constructing government-funded housing.
How can the government address the post-Brexit skills shortage in construction?
By funding training programs and reducing visa restrictions.
Why is expanding regional innovation hubs important?
It spreads economic growth beyond London and supports regional development.
